Gold prices surge in Pakistan, global markets

Gold prices in Pakistan increased on Monday, reflecting a rise in international rates.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs1,700, reaching Rs303,200.

Similarly, the price of 10-gram gold increased by Rs1,458 to settle at Rs259,945.

The surge comes after a notable decline on Saturday, when gold prices fell by Rs4,700 per tola to Rs301,500.

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In the international market, gold prices also saw an upward trend. APGJSA reported the global gold rate at $2,900 per ounce (including a $20 premium), marking a $17 increase during the day.

Meanwhile, silver prices in the local market remained stable at Rs3,350 per tola.

On Friday, gold prices in Pakistan reached an all-time high of Rs306,200 per tola.