Gold prices in Pakistan continued to show strength on Wednesday, reflecting ongoing global uncertainty and currency pressure. The rising trend has created concern among buyers, especially ahead of the wedding season.
In the local market, 24-karat gold is trading between Rs240,000 and Rs250,000 per tola, while 10 grams are priced around Rs205,000 to Rs215,000. Rates may slightly vary in cities like Karachi, Lahore, and Rawalpindi due to local demand and supply conditions.
Market experts say the increase in gold prices is largely driven by international trends. Gold is priced globally in dollars, and any fluctuation in the value of the Pakistani Rupee against the US dollar directly impacts local rates.
The global benchmark set by the London Bullion Market Association continues to influence domestic pricing. Recent geopolitical tensions and economic uncertainty have pushed investors toward gold as a safe-haven asset.
Traders noted that inflation and currency depreciation are also playing a key role in keeping gold prices elevated. As a result, many investors in Pakistan are turning to gold to protect their wealth against economic instability.
Despite high prices, demand remains stable, particularly for jewelry. However, experts advise buyers to stay cautious, verify purity, and purchase only from reliable dealers to avoid losses.
Also read: Gold Rates in Pakistan Rise Sharply Amid Market Trend
