Gold Prices Surge Amid International Rally; Silver and Oil Diverge

Gold prices in Pakistan caught a bullish wave on Monday, following an upward trend in the international bullion market after a period of relative stability.

Gold Market Highlights

According to the All Pakistan Gems and Jewellers Association, the local market saw a significant jump in prices:

•Per Tola: Increased by Rs1,100, bringing the new rate to Rs 491,462.

•10-Gram: Rose by Rs943, settling at Rs 421,349.

•International Impact: The global rate climbed by $11, with the per-ounce price reaching $4,687.

Silver and Oil Trends

While gold flourished, other commodities faced a more volatile start to the week:‎

•Silver: Bucked the trend as prices fell by Rs50, dropping the per-tola rate to Rs7,744.

•Crude Oil: Trading remained unstable as investors monitored U.S.-Iran negotiations and shipping disruptions.

•Brent Crude: Gained 0.7% to reach $109.79 per barrel.

•WTI: Dipped 0.5% to settle at $111.01 per barrel.