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Commodities

Pakistani Gold Prices Soar Amid Global Demand Surge

Guavy AI Editorial Team
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Gold
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Gold prices in Pakistan surged on Monday due to an increase in global demand. The price of 24-karat gold per tola rose by Rs1,700 to settle at Rs428,436, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association.

The association also reported that the price of 10 grams of 24-karat gold increased by Rs1,457 to Rs367,314. The price of 22-karat gold gained Rs1,335 to reach Rs336,716 in the local market.

Internationally, the price of gold climbed by $17 to $4,060 per ounce, the association reported. This increase is likely driven by a combination of factors including inflation concerns and a strong US dollar.

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