Gold prices soared to fresh all-time highs in the international market on Monday, and in line with the international market, a massive increase in the prices of the yellow metal is expected in the Pakistani market today.
As pre details, spot gold rose 0.8 percent to $3,789.39 an ounce as of 0251 GMT. US gold futures for December delivery also gained ground, inching up 0.3 percent to $3,818.30.
The dollar index slipped 0.2 percent against major currencies, making bullion priced in the greenback cheaper for international buyers. Analysts say the softer dollar, along with signs of cooling inflation, has strengthened the case for lower rates.
Other precious metals also gained, with spot silver up 1 percent at $46.47 per ounce, platinum jumping 2.6 percent to $1,608.90, and palladium advancing 1.4 percent to $1,287.19.
It should be noted that rates of gold prices in Pakistan are linked with the international market, and when prices go up in the global market, it directly affects the Pakistani market.
