Gold Prices Reach Record High in Pakistan Amid Global Economic Uncertainty
Web Desk
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2 weeks ago
KARACHI – Gold prices in Pakistan surged to a new record high on Friday, driven by rising uncertainty in the global economy.
According to the All Pakistan Gems and Jewellers Association, the price of gold increased by a massive Rs10,000 per tola, reaching an all-time high of Rs338,800 per tola.
Similarly, the price of 10 grams of gold rose by Rs8,573, with the new rate standing at Rs290,466.
The sharp increase in domestic gold prices follows a significant surge in the international market. The global gold rate climbed by $100 per ounce, reaching $3,218 — setting another record.
Experts say the global rise in gold prices is due to increasing economic instability, geopolitical tensions, and investors turning towards safe-haven assets like gold.
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