Gold prices in Pakistan surge by more than Rs1,000 amid global market uptick

WEB DESK: On Monday, gold rates in Pakistan surged considerably, mirroring the trends in the global market.

The precious metal, influenced by a $9 increase in the international rate, was valued at Rs209,600 per tola, marking a significant uptick of Rs1,250.

This surge was confirmed by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), which reported that the 10-gramme gold price settled at Rs179,698 after a rise of Rs1,072.

This increase came after a substantial jump of Rs2,200 on Friday, bringing the rate to Rs208,500 per tola.

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Internationally, gold was trading at $2,001 per ounce, further bolstering the rise in prices within the Pakistani market.

Amidst this surge, silver rates remained stable at Rs2,550 per tola, indicating a distinct trend in the precious metals market.

Investors and enthusiasts are keenly observing these fluctuations as they navigate the dynamic landscape of precious metal investments.