Gold Prices Surge Again in Pakistan Amid Market Volatility

Gold prices in Pakistan climbed on Monday, reflecting an uptick in the international bullion market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs. 1,300, reaching Rs. 423,862. Similarly, the 10-gram gold rate increased by Rs. 1,115 to Rs. 363,393.

The rise comes after a brief decline on Saturday, when the per tola rate fell by Rs. 1,600 to Rs. 422,562. Jewelers and traders attribute these fluctuations to a combination of global market movements and local demand.

Global Gold Prices Also Move Higher

Internationally, gold prices showed a modest rise. The APGJSA reported the global rate at $4,015 per ounce, including a $20 premium, reflecting a $13 increase over the day. Spot gold was stable at $4,000.65 per ounce as of 05:04 GMT, while U.S. gold futures for December delivery rose 0.4% to $4,010 per ounce.

Despite recent gains, prices have retreated approximately 9% from the record high of $4,381.21 reached on October 20. Analysts point to a strengthening U.S. dollar and easing U.S.-China trade tensions as factors slightly reducing demand for bullion worldwide.

Domestic Factors Influencing Gold Prices

Locally, gold remains a preferred investment for both small investors and traditional buyers. Experts note that rising gold rates in Pakistan are driven not only by international markets but also by currency depreciation and domestic economic uncertainty.

Silver prices in Pakistan also experienced an increase, climbing by Rs. 25 per tola to Rs. 5,152, showing a correlated upward trend in precious metals.

Market and Consumer Response

Jewelers across major cities like Karachi, Lahore, and Islamabad report an increase in inquiries and purchases, particularly for gold coins, bars, and hallmarked jewelry. Many consumers are taking a cautious approach, checking daily rates before making larger investments.

Expert Advice

Financial analysts advise investors and consumers to remain vigilant. While gold can act as a hedge against inflation and currency volatility, prices are subject to short-term fluctuations. Recommended precautions include:

• Buying from certified jewelers.

• Tracking daily rates and international market trends.

• Considering gold as a long-term investment rather than a speculative purchase.

With global uncertainties, a strong U.S. dollar, and ongoing domestic economic pressures, gold prices in Pakistan may continue to see short-term volatility. Analysts stress the importance of informed decisions and monitoring both local and international trends to maximize investment value.

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