Gold prices recorded another significant increase on Monday in both international and domestic markets, driven by heightened demand and market volatility. According to market reports, the international bullion price jumped by $76 per ounce, bringing the global rate to $3,316 per ounce.
Following the global trend, the price of gold in Pakistan also surged. The per tola rate rose by Rs7,800, reaching Rs350,000, while the 10-gram gold price increased by Rs6,687 to Rs300,068.
This continued upward trajectory comes amid economic uncertainty and increased investment in safe-haven assets like gold. Analysts attribute the price spike to both geopolitical concerns and expectations of shifting global interest rates.
On the other hand, President Donald Trump’s Liberation Day address triggered global financial panic after he hinted at a sharp escalation in trade tariffs, leading to an aggressive sell-off in US stocks, a drop in the dollar, and — unusually — a flight from US Treasuries.
This breakdown of traditional safe-haven behaviour has signalled deepening investor distrust in American economic stability.
Instead of retreating to US bonds, global investors turned to gold, pushing it to a historic high. Unlike previous gold rallies driven by festive demand, this surge is strategic.
Sovereign buyers like Germany, China, and India are leading purchases, repatriating physical gold reserves amid fears of financial weaponisation and geopolitical instability.
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