On Monday, gold prices in Pakistan experienced a notable rise due to a favorable change in worldwide markets.

The price of gold per tola increased by Rs500, attaining Rs282,900.The increase followed a decrease in gold prices during the prior session, where the price had dropped by Rs200 to conclude at Rs282,400 on Saturday.

On Monday, the price of 10 grams of gold increased by Rs429, reaching Rs242,541.

The increase in local gold prices reflected the favorable trend in the worldwide market, where the price of gold per ounce reached $2,708, plus an additional premium of $20. This was a $5 rise inside a single day.

Conversely, silver prices declined, with the price per tola decreasing by Rs9 to reach Rs3,372.

Analysts ascribe the rise in gold prices to variations in global demand, as investors seek refuge in precious metals amid economic concerns. As global markets exhibit ongoing volatility, analysts anticipate additional swings in the values of gold and silver in the forthcoming weeks.

For the purpose of making decisions regarding the monetary policy, the monetary policy committee of the State Bank of Pakistan will convene on January 27.

At a press conference that will take place on the same day as the meeting, Governor Jameel Ahmad of the State Bank of Pakistan will formally announce the decision about the monetary policy.

To participate in the annual session of the World Economic Forum, Mohammad Aurangzeb, the Minister of Finance, has embarked on a journey to Davos, Switzerland.

While he is here, the Minister of Finance will have the opportunity to meet with the heads of state from a number of different nations as well as representatives from international organizations.

His speech at a variety of gatherings and conversations will focus on the current state of the nation’s economy.

The strategy for modifying fiscal policies and constructing resilient economies will be presented by Mohammed Aurangzeb.

In this presentation, he will discuss his perspectives on the utilization of technologies, lucrative commerce, and investment.

It is expected that Mohammad Aurangzeb will meet with ministers and delegates from the countries of Saudi Arabia, Egypt, and Qatar.