Gold prices in Pakistan rose on Monday, following a surge in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs 2,700, reaching Rs 446,862. Similarly, the price of 10 grams of gold climbed by Rs 2,315 to Rs 383,112.

On Saturday, gold per tola had jumped by Rs 5,300, closing at Rs 444,162. Silver prices in the local market also saw an upward trend, rising by Rs 54 to Rs 5,963 per tola.

Internationally, gold prices gained $27, reaching $4,245 per ounce, including a $20 premium. Spot gold was slightly down at $4,225.91 per ounce as of 0534 GMT, after hitting a six-week high on Monday. US gold futures for December delivery edged higher by 0.1 percent to $4,260.20 per ounce.

The global precious metals market remained mostly steady as investors reacted to early risk-off sentiment and focused on the possibility of a US interest rate cut later this month. Meanwhile, silver surged by 0.7 percent to $56.78 per ounce, after briefly reaching an all-time high of $57.86.

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Market analysts say that continued volatility in international markets, combined with changes in foreign exchange rates, is likely to influence gold and silver prices in Pakistan in the coming days. They advise investors and traders to monitor both local and global trends before making purchases.

The latest surge provides an opportunity for investors to capitalize on short-term gains, while also reflecting broader global demand for safe-haven assets amid economic uncertainty.