KARACHI: Gold prices recorded another sharp rise in Pakistan and international markets on Monday.
According to reports, the price of gold in the international bullion market rose by 12 dollars, reaching 2,869 dollars per ounce.
On the domestic front, the price of gold per tola climbed by Rs1,500, hitting Rs301,500.
Similarly, the price of 10 grams of gold increased by Rs1,286, reaching Rs258,487.
Silver prices also saw an upward trend, with the price of one tola rising by Rs30 to Rs3,270, while the price of 10 grams of silver increased by Rs26 to Rs2,803.
Meanwhile, the Consumer Price Index (CPI) inflation rate fell in Pakistan to 1.5 per cent on a year-on-year basis in February, down from 2.4 per cent in January, marking a significant easing in consumer prices compared to the same period last year.
According to the data released by the Pakistan Bureau of Statistic (PBS) on Monday, prices slipped by 0.8 per cent in February following a slight increase of 0.2 per cent in January.
The report said that urban inflation mirrored the overall trend, with the CPI for cities decreasing to 1.8 per cent in February 2025, compared to 2.7 per cent in January and 24.9 per cent in the same period last year. Month-on-month urban prices dropped by 0.7 per cent, reversing the 0.2 per cent increase observed a month earlier.
According to the PBS data, rural areas experienced a similar decline, with year-on-year rural inflation falling to 1.1 per cent from 1.9 per cent in January and 20.5 per cent in February 2024.
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Similarly, month-on-month rural prices saw a sharper drop of 1.1 per cent in February, compared to a 0.2 per cent rise the month before and a 0.3 per cent decrease in the same month last year.
The Sensitive Price Index (SPI), which tracks the cost of essential goods, fell to 0.2 per cent year-on-year in February, down from 0.7 per cent a month earlier and 30.4 per cent in February 2024. Every month, the SPI decreased by 1.6 per cent, following a 1.4 per cent drop in January.