Gold Prices Jump Sharply in Local and Global Markets

Gold prices jumped sharply on Monday, shaking both global and local markets after a strong rise in international rates.

In the world market, gold went up $92 per ounce, reaching $4,424, a one-week high, according to market sources. US gold futures for February delivery rose 2.4% to $4,434.20. Silver also rose, gaining 3.9% to $75.50 per ounce, after hitting a record high late last month.

The increase quickly affected Pakistan’s market. The price of 24-carat gold jumped by Rs9,200 per tola to Rs464,762, while 10 grams of gold rose Rs7,888 to Rs398,458. Silver prices also went up, with the metal gaining Rs267 per tola to Rs8,023 and 10 grams increasing Rs229 to Rs6,878, The Tribune reported.

Traders say the rise is due to more investors buying gold and uncertainty in the global economy, which usually pushes people toward safe assets. “After a small dip over the weekend, the market bounced back as buyers returned,” said a local bullion dealer.

The rally follows a slight drop earlier this week, when gold fell $47 per ounce globally and Rs4,700 per tola in Pakistan. Silver had also dropped a little, showing that precious metal prices are still unstable.

Experts warn that prices may stay unpredictable in the short term, affected by currency changes and international demand. Still, the upward trend has attracted attention from both small investors and big players, looking to protect against inflation and economic risks.

As gold keeps climbing, market watchers are closely tracking both global rates and local trading floors, suggesting that gold could remain in the spotlight through 2026.

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