Bullion market rises as global uncertainty and United States–Iran talks influence investor sentiment.
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Gold prices recorded a sharp increase in Pakistan on Monday, reflecting strong movement in both local and international bullion markets.
The price of gold per tola rose by Rs4,600, reaching Rs477,762 in the domestic market.
Similarly, the price of 10 grams of gold increased by Rs3,943 to Rs409,603.
In the international market, gold prices also climbed, rising by $46 per ounce to $4,554.
Market analysts linked the increase to global economic uncertainty and shifting investor sentiment due to developments in talks between the United States and Iran.
Silver prices also moved upward in Pakistan, with the per tola rate increasing by Rs236 to Rs8,270.
Experts say bullion prices often rise when investors seek safer assets during periods of geopolitical tension and market volatility.
