The gold price in Pakistan reached a new record on Friday, continuing its upward trend from the previous day.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola increased by Rs1,200, reaching Rs377,900. Similarly, the price of 10 grams of gold rose by Rs1,029 to Rs323,988.
The rise in the gold price is attributed to fluctuations in global markets and growing investor demand for safe-haven assets. Experts say that continued economic uncertainty may further push gold prices higher in the coming days.
Globally, the gold market also recorded gains. The gold price per ounce climbed by $12, reaching $3,552. Analysts note that international factors, including currency fluctuations and geopolitical tensions, are influencing global gold rates.
While gold prices surged, silver prices in Pakistan remained stable for the second consecutive day. A tola of 24-karat silver stayed at Rs4,315, and 10 grams of silver remained at Rs3,699.
Investors and traders are closely monitoring the market, as the continuous rise in gold prices has attracted both local and international attention. Many view gold as a safe investment during times of economic uncertainty.
Market experts advise buyers to stay updated on daily gold rates, as minor changes in international markets can significantly impact local prices. The ongoing increase in gold price is expected to influence jewelry markets, investment decisions, and overall economic trends.
With record highs both locally and internationally, gold continues to demonstrate its value as a reliable asset, making it a key focus for investors and consumers alike.
In other news read more about Gold Price in Pakistan Soars Rs6,000 to Record High
