ISLAMABAD – The gold price in Pakistan surged to historic highs on Wednesday, marking the highest levels ever recorded in the country.
According to the All Pakistan Sarafa Gems and Jewellers Association, the gold price for 24-karat per tola jumped by Rs6,000, reaching Rs376,700. Similarly, the price for 10 grams of gold rose by Rs5,144, taking it to Rs322,959.
The increase in gold price is mirrored in the global market, where the cost per ounce climbed by $60 to reach $3,540, reflecting strong international demand and market fluctuations.
Alongside gold, silver prices also experienced a rise in Pakistan. The price for a tola of 24-karat silver increased by Rs12 to reach Rs4,315, while 10 grams of silver moved up to Rs3,699.
Market analysts attribute the surge in gold price to several factors, including global economic uncertainty, rising inflation, and fluctuations in the US dollar. Investors often turn to gold as a safe-haven asset during periods of financial instability, which further drives up demand and prices.
Jewellers in major cities across Pakistan confirmed that customer interest in gold remains high despite rising rates. Many buyers are purchasing gold as an investment, anticipating further increases in price.
Experts advise investors to monitor the gold price closely and consider market trends before making large purchases. They also emphasize that gold remains a stable investment in the long term, especially amid global economic volatility.
The sharp rise in gold and silver prices has sparked discussions about affordability for domestic buyers and the overall impact on Pakistan’s jewelry and investment markets.
With both local and international markets pushing the gold price higher, analysts expect trends to continue as investors seek safe and reliable assets in uncertain economic conditions.
In other news read more about Gold Rate Hits Record High in Pakistan Amid Global Bullion Surge
