Gold price surges by Rs2,300 to Rs250,400 per tola

Gold prices in Pakistan experienced significant increases on Monday, mirroring the rise in international markets. According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola surged by Rs2,300, reaching Rs250,400.

Similarly, the price for 10 grams of gold saw a notable rise, gaining Rs1,972 to sell at Rs214,678. These increases reflect the upward trend in global gold prices, which rose by $25 to $2,439 per ounce, inclusive of a $20 premium.

In contrast, silver prices remained stable at Rs2,850 per tola.

This recent surge in gold prices comes after the metal hit a record high of Rs252,200 per tola last month. Just two days prior, on Saturday, gold prices in Pakistan had already increased by Rs3,100 per tola.

These fluctuations highlight the strong connection between local and international precious metal markets, with local prices adjusting swiftly in response to global economic conditions.