The price of gold per tola increased by Rs9,200, reaching Rs464,762.
KARACHI: Gold prices in Pakistan witnessed another significant jump on Monday, marking a continued upward trend in the local bullion market.
According to the All Pakistan Gems and Jewellers Association(APGJA), the price of gold per tola increased by Rs9,200, reaching Rs464,762.
The association further stated that the price of 10 grams of gold rose by Rs7,888 to Rs398,458.
In the international market, gold prices also moved higher, climbing by $92 to settle at $4,424 per ounce.
Earlier, the gold prices across Pakistan declined again after witnessing a recent increase, with the per tola rate recording a significant drop of Rs4, 700.
According to the All Pakistan Gems and Jewellers Association(APGJA), the price of gold per tola fell by Rs900 to settle at Rs455, 562 in the local market.
Similarly, the price of 10 grams of gold decreased by Rs4, 030, bringing it down to Rs390, 570.
On the international market, gold prices also saw a notable decline, falling by $47 to reach $4,332 per ounce.
Meanwhile, silver prices followed the downward trend, with the per tola rate dropping by Rs106 to Rs7,756.
Market analysts attribute the decline to fluctuations in global bullion prices and changing investor sentiment.
