Zenith Bullion Monday as Gold Prices Break Records in Pakistan
Zenith Bullion Monday brought surprising news for local buyers. Gold prices jumped to a fresh record across Pakistan.
As a result, investors closely watched the market from early morning. In the local market, gold per tola climbed sharply. The rate reached Rs532,062 after a strong single day increase. This sudden rise added fresh pressure on buyers and traders.
Strong Gains In Local Markets
The price of 10-gram gold also moved higher. It closed at Rs456,157 after posting a notable gain. In addition, jewellers confirmed strong interest despite higher costs.
Earlier, prices had already shown upward momentum. On Saturday, gold per tola settled above Rs521,000. Therefore, Monday’s jump extended an already bullish trend.
Global Factors Drive The Rally
International markets played a key role in this surge. Gold jumped past $5,000 per ounce during global trading. For example, prices touched $5,097 with a premium included.
Several factors supported this rally. Investors moved toward safe assets amid currency volatility. However, tensions linked to geopolitical issues also unsettled global markets. Dollar weakness further boosted demand. At the same time, sharp movements in Asian currencies increased uncertainty.
As a result, precious metals gained fresh momentum worldwide.
Silver Also Moves Upward
Silver prices followed the same direction in Pakistan. The rate increased by Rs627 per tola.
Consequently, silver reached Rs11,428, reflecting broader market strength.
Market experts expect continued volatility ahead. Much depends on global financial signals and investor confidence.
Still, many buyers now prefer caution due to rapid price changes.
