Gold prices in Pakistan rose sharply on Monday, with the rate of 24-karat gold per tola increasing by Rs13,300 to reach Rs563,862 in the local market. The previous closing price was Rs550,562, according to the All Pakistan Sarafa Gems and Jewellers Association.

The significant increase in gold prices affects consumers, jewellers and investors across the country, as domestic bullion rates closely track movements in the international market.

The price of 10 grams of 24-karat gold climbed by Rs11,402 to Rs483,420, up from Rs472,018. Meanwhile, 10 grams of 22-karat gold rose by Rs10,453 to Rs443,151, compared with Rs432,698 previously.

Silver prices also moved upward. Per tola silver gained Rs188 to reach Rs10,050 from Rs9,862. The price of 10 grams of silver increased by Rs161 to Rs8,616, up from Rs8,455.

In the international market, gold prices rose by $133 to $5,411 per ounce from $5,278, the association reported. Silver prices increased by $1.88 to $95.66.

Also Read: Gold price in Pakistan rises to Rs550,562 per tola

Domestic bullion rates in Pakistan typically reflect trends in global markets, along with local demand and currency movements.