Gold prices in Pakistan hit another record-high on Monday. In the local market, gold price per tola reached Rs532,062 after a gain of Rs10,900 during the day.
Similarly, 10-gram gold was sold at Rs456,157 after it increased by Rs9,345, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Saturday, gold price per tola reached Rs521,162 after a gain of Rs6,500 during the day.
The international rate of gold was up by $109 to reach $5,097 per ounce (with a premium of $20).
The international gold surged past $5,000 per ounce buoyed by safety flows amid dollar weakness following a turbulent week where tensions over Greenland and Iran rattled investors, while markets remained on tenterhooks after violent spikes in the yen.
Meanwhile, the price of silver increased in Pakistan by Rs627 to reach Rs11,428 per tola.
American Dollar Exchange Rate