After a couple of consecutive decreases, the price of gold in Pakistan saw a major hike on the first day of the week on Monday, reflecting global market trends.

In the local market, the price of 24-karat gold per tola increased by Rs2,000, settling at Rs276,400, according to data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Similarly, the price of 10 grams of 24-karat gold rose by Rs1,714, taking it to Rs236,968. 

In the international market also, the price of gold saw a major hike by $20 on Monday, reaching $2,652 per ounce with an additional premium of $20. 

Silver prices in the local market, however, remained stable at Rs3,400 per tola.