Gold prices in Pakistan continued their unstoppable upward journey on Monday, leaving buyers stunned as rates surged sharply across local markets.

According to the All Pakistan Gems and Jewellers Association (APGJA), the price of gold jumped by Rs2,000 per tola in a single day, reflecting intense pressure from the international bullion market.

After the latest increase, gold prices in Pakistan have reached a historic high of Rs472,862 per tola. The price of 10 grams of gold also saw a significant rise, climbing by Rs1,714 to settle at Rs405,402.

Jewellers say the sharp hike is largely driven by global trends, as international gold prices crossed the $4,500 per ounce mark for the first time. A weaker local currency, ongoing economic uncertainty, and strong investor demand for safe-haven assets have further fueled the rally.

The numbers tell a striking story. Since the start of the year, gold prices in Pakistan have surged by a massive Rs200,262 per tola. For perspective, on December 30, 2024, a tola of gold was priced at Rs272,600 — meaning the precious metal has gained extraordinary value in just a few months.

Market experts believe the upward momentum may continue if global economic tensions persist and inflationary pressures remain high. Many investors are turning to gold as a secure store of value, pushing demand — and prices — even higher.