Gold prices soar in Pakistan amid global surge

KARACHI: Gold prices surged once again in the local bullion market on Monday due to a hike in the international market.

According to the All-Pakistan Supreme Council Jewellers’ Association, the price of gold increased by Rs3,600 per tola, reaching Rs361,200.

Similarly, the price of 10 grams of gold rose by Rs3,087, bringing it to Rs309,671.

The price of silver remained unchanged at Rs4,012 per tola in the local market.

Meanwhile, n the international market, gold prices climbed by $36, reaching $3,387 per ounce.

Meanwhile, the Pakistani rupee (PKR) posted a modest gain against the US dollar (USD) in early interbank trade on Monday, offering a brief reprieve after a week of steady depreciation.

By mid-morning, the local currency was trading at 284.75 against the USD, up by 12 paisa or 0.04 per cent. The improvement followed a week where the rupee had slipped by 41 paisa, settling at 284.87 by Friday, compared to 284.46 a week earlier, according to the State Bank of Pakistan (SBP).

So far in the current fiscal year, the PKR has weakened by Rs1.10 or 0.39 per cent. Since January 2025, it has lost Rs6.32, marking a 2.22 per cent decline against the greenback.