By S.M. Inam
KARACHI: Gold prices in Pakistan soared sharply on Monday following US-Israel strikes on Iran and escalating regional conflict, triggering a spike in both local and international markets.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola jumped by Rs13,300, reaching Rs563,862. Similarly, 10 grams of 24-karat gold climbed by Rs11,402 to Rs483,420, while 10 grams of 22-karat gold rose by Rs10,453 to Rs443,151.
Internationally, gold per ounce surged by $133, reaching $5,411 amid rising geopolitical uncertainty.
Silver prices in Pakistan also followed the upward trend. The price per tola increased by Rs188 to Rs10,050, while 10 grams of silver rose by Rs161 to Rs8,616.
The sharp rise in precious metal prices reflects investor flight to safe-haven assets as regional instability drives global market volatility.
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