Gold prices in Pakistan surged to a record high on Monday, reaching Rs532,062 per tola after increasing by Rs10,900 during the trading day.
The price of 10-gram gold also rose sharply, reaching Rs456,157, reflecting an increase of Rs9,345, according to the All-Pakistan Gems and Jewellers Sarafa Association.
On Saturday, the local gold rate per tola had already climbed to Rs521,162, marking a gain of Rs6,500 during trading across the country.
Read More: Gold Prices Jump to Rs521,162 per tola
Internationally, gold prices rose by $109 per ounce, reaching $5,097 with an additional $20 premium, driven by safety demand amid dollar weakness and global market volatility.
The surge in global gold followed tensions over Greenland and Iran, along with sharp yen movements that left international investors cautious and seeking safer assets.
Meanwhile, silver prices in Pakistan increased by Rs627 per tola, bringing the local rate to Rs11,428 as precious metals continued attracting domestic market attention.
