Gold Prices Surge in Global and Local Markets
Gold prices recorded a sharp rise on Monday, pushing rates higher in both international and domestic markets after recent losses.
In the international bullion market, gold prices jumped by $92 per ounce, reaching $4,424 per ounce, reflecting renewed investor interest.
Meanwhile, in the local market, the price of 24-karat gold increased by Rs9,200 per tola, bringing the new rate to Rs464,762. Similarly, the price of 10 grams of gold rose by Rs7,888 to Rs398,458.
Silver prices also moved upward domestically. The price of silver per tola increased by Rs267 to Rs8,023, while 10 grams of silver climbed by Rs229 to Rs6,878.
Market analysts noted that the latest surge comes after a brief decline recorded two days earlier, when gold and silver prices had eased in both global and local markets. The renewed increase highlights continued volatility in precious metals, driven by global economic trends and investor sentiment.
