Gold price increases by RS4,000 per tola in Pakistan
Why this matters: local context for readers following news across Pakistan and the region.
KARACHI – Gold prices witnessed a sharp increase across Pakistan on Monday, with rates rising significantly in both local bullion markets and retail trading. All Pakistan Gems and Jewellers Association said the price of one tola of gold increased by Rs4,000, taking it to Rs477,762 in the domestic market. Similarly, the price of 10 grams of gold rose by Rs3,943, reaching Rs409,603, reflecting continued volatility in local bullion rates. Market observers said the surge in Pakistan’s gold prices followed upward movement in the international market, where gold gained $46 per ounce to reach $4,554 per ounce. The traders said that the local market continues to mirror global trends, with fluctuations in international bullion prices directly impacting domestic rates across Pakistan.