Gold prices in Pakistan have once again surged significantly, reaching a new record high amid a steady upward trend in the international bullion market. This consistent rise is being attributed to global economic uncertainty, prompting investors to turn to gold as a safe-haven asset.
According to the All Pakistan Gems and Jewellers Sarafa Association, the price of 24-karat gold per tola rose by Rs 1,900, taking it to a historic level of Rs 442,800 — one of the highest rates recorded in recent months.
Similarly, the price of 10 grams of 24-karat gold increased by Rs 1,629, reaching Rs 379,629 for the first time, creating further pressure on local buyers and investors.
The international market mirrored this upward movement, with the per-ounce price of 24-karat gold climbing by $19 to reach $4,217. Analysts suggest that growing global financial volatility has pushed investors toward precious metals.
Meanwhile, silver prices in the local market remained stable. The price of silver per tola stood at Rs 5,337, while 10 grams of silver remained steady at Rs 4,575. In the international market, silver was stable at $52.50 per ounce.
Market experts believe that if the international upward trend continues, gold prices in the domestic market are likely to increase further in the coming days, impacting both the jewelry sector and overall consumer spending.
