Gold price continues to climb in global and local markets

Gold prices have continued their upward trajectory, with further increases being observed in both global and local markets. In the international bullion market, the price of gold per ounce increased by $6, reaching $3,224.

This rise has translated into higher local prices, with 24-carat gold per tola increasing by Rs600 to Rs339,400. Additionally, the price of 10 grams of gold rose by Rs514, bringing it to Rs290,980 in Pakistan.

Despite the rise in gold prices, silver prices remained steady, with the price of silver per tola holding at Rs3,397 and 10 grams at Rs2,912.

These increases in gold prices reflect a sustained demand for the precious metal, both in the global and local markets. As prices continue to rise, investors and consumers alike are closely monitoring the trend.

Earlier on Monday, gold prices in Pakistan fell on Monday after a three-day upward trend. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola had declined by Rs1,800, bringing it down to Rs338,800 in the local market.

This decline came after gold had reached a record high of Rs340,600 per tola on Saturday, following a single-day increase of Rs1,800.