Gold prices in Pakistan saw a major surge on Monday, with the per tola rate crossing the Rs 4lac mark for the first time in history.
According to market reports, the price of gold per tola rose by Rs 5,900, pushing the new rate to Rs 403,600.
Similarly, the price of 10 grams of gold increased by Rs 5,058, bringing it to Rs 346,021.
Market Reaction and impact
The surge in gold prices is seen as a reflection of continued uncertainty in both domestic and global markets. Jewelers and traders say the steep rise has dampened retail demand, while investors are turning towards gold as a safe-haven asset.
Gold prices in Pakistan are directly linked to global market trends and exchange rate fluctuations. Any movement in the international bullion market or depreciation of the Pakistani rupee tends to have an immediate impact on local prices.
