Gold prices in Pakistan recorded a modest rise on Monday, moving closer to the historic Rs. 500,000 per tola level as global bullion markets strengthened.

According to data released by the All-Pakistan Gems and Jewellers Sarafa Association, the price of 24-karat gold increased by Rs. 1,100 per tola, reaching Rs. 491,462. Meanwhile, the rate for 10 grams of gold climbed by Rs. 943 to settle at Rs. 421,349.

In the previous trading session, gold prices remained unchanged at Rs. 490,362 per tola, reflecting temporary stability before the latest upward move.

Internationally, bullion prices also strengthened, rising by $11 to approximately $4,687 per ounce, along with an added premium of $20 in local calculations.

In contrast, silver prices moved lower, declining by Rs. 50 to close at Rs. 7,744 per tola in the domestic market.

Market analysts say continued volatility in global financial markets and investor demand for safe-haven assets are keeping precious metal prices elevated, pushing local gold rates closer to record territory.