Gold Prices Surge by Rs2700 Per Tola as Market Hits Historic High
Gold prices continued their upward trajectory in Pakistan on Monday as gold prices surge by Rs2700 per tola, marking the second consecutive day of increase in the local bullion market. According to the All Pakistan Gems and Jewellers Association, the price of gold per tola rose to Rs446,862, reflecting strong momentum in the domestic market. The price of 10 grams also climbed by Rs2,315, reaching Rs380,112 by the afternoon session, as traders reported heightened buying activity.
In the international market, gold extended its rally with a sharp rise of $27, taking the global price to $4,245. Analysts say the persistent weakening of the US dollar, coupled with volatility in global markets, has contributed to a renewed surge in precious metal demand worldwide. Silver prices also gained ground, increasing by Rs54 per tola to reach Rs5,963, adding further weight to the positive sentiment sweeping through the bullion market.
Market observers note that gold’s upward movement has coincided with a bullish spell on the stock exchange, where rising investor confidence is driving fresh inflows. Over the last six trading sessions, gold prices have increased on three days while remaining stable on others, resulting in a cumulative weekly jump of Rs15,300. This surge represents a significant leap from last Saturday’s rate of Rs428,862 per tola, recorded on November 22, showing that the precious metal has gained more than Rs15,000 within just one week.
The sustained rise has triggered renewed interest from investors who view gold as a safe haven amid global economic uncertainty. For more economic developments, readers can follow the latest updates in Business News and keep track of broader national trends through Pakistan News on MegaNews.tv. Those monitoring financial indicators can also explore Economy Updates, while ongoing movement in bullion markets is available under Gold Prices in Pakistan. Investors keeping an eye on stock market changes may visit Stock Market News for timely updates.
