KARACHI – The upward momentum in gold prices continued on Monday as rates reached a new high of Rs409,878 in the Pakistani market.
The surge aligns with global trends, where gold extended gains amid a weaker dollar and renewed investor interest in safe-haven assets. According to the latest data, the price of 10 grams of 24-karat gold also rose by Rs1,801, settling at Rs351,404.
Gold Rates in Pakistan
Purity | Per Tola | Per Gram | Per 10 Grams | Per Ounce |
---|---|---|---|---|
24K | Rs 409,878 | Rs 35,140 | Rs 351,404 | Rs 995,085 |
22K | Rs 375,375 | Rs 32,183 | Rs 321,832 | Rs 912,161 |
21K | Rs 358,312 | Rs 30,720 | Rs 307,203 | Rs 870,690 |
18K | Rs 307,125 | Rs 26,331 | Rs 263,317 | Rs 746,313 |
Meanwhile, silver also posted gains, rising by Rs57 per tola to trade at Rs4,896.
On the international front, the gold price climbed by $21 to $3,886 per ounce, including a $20 premium, as investors sought stability amid global economic uncertainty.
Market analysts attribute the sustained rally to a declining US dollar, geopolitical concerns, and increased demand for safe-haven assets.