Gold prices in both international and local markets rose to an all-time high on Monday.
According to the All Pakistan Gems and Jewelers Association, the per tola price surged by Rs6,200 to a new historic high of Rs462,362.
Similarly, the price of 10 grams of gold increased by Rs5,315 to reach Rs396,400.
In the global bullion market, gold prices rose sharply, increasing by $62 per ounce to hit a new record of $4,400.
Experts say the local gold market may stay unstable in the next few days, as prices usually move in line with international trends and investor behavior. This situation is keeping buyers and traders alert as they wait to see how prices change.
Gold is known worldwide as both a valuable investment and a popular metal for making jewellery. Because it is traded globally, its price is affected by many economic and political factors. In general, gold prices depend on a mix of global financial conditions, investor confidence, and actual demand in the market.
