After a one-day pause, gold prices climbed once more in both the international and domestic markets, nearing historic highs. In Pakistan, the price of 24-karat gold increased by Rs2,500 today, pushing the per tola rate to Rs386,500, adding further pressure on buyers already burdened by rising living costs.
The price of 10 grams of gold also witnessed a significant jump, rising by Rs2,143 to reach Rs331,361. Meanwhile, in the international market, the price of gold recorded a fresh surge as well, climbing by $27 per ounce to settle at $3,645.
It is important to note that just two days ago, the price of 24-karat gold had touched an all-time high of Rs388,100 per tola, marking the highest level in Pakistan’s history. Experts attribute these fluctuations in gold rates to ongoing global economic uncertainty, volatility in the US dollar, and shifts in investor sentiment, which continue to influence both international and local bullion markets.
