Commodities
Global Gold Prices Soar Over Weekend, Pakistani Markets Expected to Follow
The global gold market experienced a significant surge over the weekend, with spot gold prices rising by $101.19 per ounce to close at $4,341.52.
This substantial gain is expected to have a direct impact on domestic gold prices in Pakistan when local markets reopen on Monday.
The sharp upward movement in international markets was driven by easing U.S. Treasury yields and strong institutional demand for safe-haven assets.
In Pakistan, the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) is expected to revise local gold rates upward significantly when markets reopen on Monday morning.