Gold gains momentum locally as global bullion prices increase, while silver sees a minor decline.
KARACHI: Gold prices in Pakistan climbed on Monday, mirroring gains in the global bullion market, while silver saw a decline, traders reported.
In the international market, gold increased by $11 to reach $4,687 per ounce. Following this trend, the local gold price rose by Rs.1,100 per tola, reaching Rs.491,462. Similarly, the cost of 10 grams of gold increased by Rs.943 to Rs..421,349.
Conversely, silver prices fell. The per tola price of silver dropped by Rs.50 to Rs.7,744, and 10 grams fell by Rs.43 to Rs.6,639.
Market analysts noted that Pakistan’s precious metals prices generally track international bullion trends, currency fluctuations, and domestic demand patterns. They highlighted that shifts in global demand, foreign exchange rates, and regional tensions often drive safe-haven buying, influencing local price movements.
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