Gold prices in Pakistan extended their gains for a second consecutive session on Monday, recovering in both domestic and international markets after a sharp correction last week that saw prices decline for five straight days.

In the global bullion market, gold rose by $8 per ounce, reaching $4,716 per ounce as investors turned to safe-haven assets following an apparent assassination attempt on former US President Donald Trump during the White House Correspondents’ Dinner.

In the local market, the price of gold increased by Rs. 800 per tola, settling at Rs. 493,962.

The rate for 10 grams of gold also climbed by Rs. 686 to reach Rs. 423,492.

A day earlier, gold had closed at Rs. 493,162 per tola, reflecting the continued upward momentum after last week’s sell-off.

Silver prices, however, remained stable, holding unchanged at Rs. 8,049 per tola.