Gold rates in Pakistan recorded a sharp spike on Monday as investors rushed toward safe-haven assets following escalating tensions in the Middle East.
The surge came after reports of a joint US-Israel strike on Iran, which triggered global uncertainty and volatility across financial markets.
According to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold prices in the local market climbed significantly.
Latest Gold Rates in Pakistan
- Gold per tola increased by Rs. 13,300, reaching Rs. 563,862
- 10 grams of gold rose by Rs. 11,402, touching Rs. 483,420
The sharp upward movement reflects both international price trends and local currency pressures.
Why Gold Is Rising
Gold is traditionally considered a safe-haven investment during times of geopolitical instability and war fears. When global tensions escalate, investors often shift capital from equities and riskier assets into gold.
The reported attack on Iran heightened fears of a broader regional conflict, pushing international gold prices higher. Since Pakistan’s local gold rates are linked to global bullion prices and exchange rate fluctuations, the impact was immediately visible in domestic markets.
Market analysts note that rising oil prices, currency volatility, and investor anxiety further contributed to the spike in gold demand.
Impact on Local Buyers
The increase has made gold significantly more expensive for local buyers, particularly those planning wedding purchases or long-term savings investments. Jewellers report that while trading activity remains active, many buyers are adopting a wait-and-see approach amid heightened volatility.
Traders say further price movement will depend on how the geopolitical situation unfolds in the coming days and whether global bullion markets continue their upward trajectory.
With uncertainty gripping global markets, gold may remain under upward pressure as investors seek financial stability in turbulent times.