The Gold Price has reached an all-time high in Pakistan, setting a new record in the local bullion market. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola surged by Rs4,700 on Tuesday. With this sharp increase, the new rate now stands at Rs391,000 per tola.
The Gold Price for 10 grams also jumped significantly, rising by Rs4,030 to settle at Rs335,219. This marks the highest rate in the country’s history, reflecting the strong demand and global fluctuations in precious metals.
On the international front, the global gold market also showed a sharp upward trend. The price of gold per ounce increased by $49, reaching $3,692. Analysts link this rise to economic uncertainties and shifting investor preferences towards safe-haven assets.
Silver followed the same upward pattern. In Pakistan, the price of a tola of 24-karat silver rose by Rs53 to reach Rs4,496. Similarly, the rate for 10 grams of silver climbed to Rs3,854.
Experts note that the continuous rise in the Gold Price is a reflection of both local currency pressure and international market trends. Many investors in Pakistan are now considering gold as a more stable investment amid inflation and economic challenges.
The association also highlighted that market volatility is likely to continue in the coming weeks. Buyers and investors are advised to keep an eye on fluctuations in both domestic and global markets before making decisions.
The surge in Gold Price has once again drawn attention to its importance as a safe-haven asset in times of economic instability.
In other news read more about Government Revises Fuel and Petroleum Prices in Pakistan
