The ongoing trade tensions between the United States and China have created widespread uncertainty in global markets, prompting investors to seek safer assets like gold. This shift has driven gold prices to record-breaking levels in Pakistan.
On Thursday, the price of 24-karat gold soared to an all-time high of Rs328,800 per tola, following a sharp increase of Rs7,800.
Read more: Gold Prices Surge in Local and Global Markets
Similarly, the rate for 10 grams of 24-karat gold rose by Rs6,688, now standing at Rs281,893. The price for 10 grams of 22-karat gold also witnessed an increase, reaching Rs258,411.
Silver prices followed the same upward trend, with 24-karat silver now priced at Rs3,234 per tola, marking a Rs64 jump.
Meanwhile, the global gold market reflected similar activity, with international prices climbing by $78 to reach $3,118 per ounce.
