Gold prices rose in Pakistan on Monday, tracking gains in the international market.
As reported by the All-Pakistan Gems and Jewellers Sarafa Association, the cost of gold per tola rose by Rs. 1,600, bringing the price to Rs. 443,762. The price for 10 grams of gold increased by Rs. 1,372, reaching Rs. 380,454.
This increase came about after a decrease noted on Saturday, when the per tola rate fell by Rs. 2,300, resulting in a new price of Rs. 442,162.
In the global market, the price of gold climbed by $16 per ounce, now at $4,214, which includes a $20 premium. Spot gold was listed at $4,212.70 per ounce as of 0319 GMT, while US gold futures for delivery in December were priced at $4,241.30 per ounce. This rise was influenced by the US dollar approaching levels last seen on December 4, making gold more affordable for international purchasers.
Local silver prices also saw an increase, rising by Rs. 30 to a rate of Rs. 6,102 per tola.