Gold Prices Hit Record High in Pakistan Amid Global Economic Worries
Gold prices in Pakistan hit a new all-time high on Monday. The price of 24 karat gold per tola jumped by Rs 5,500. It rose to Rs 428,200 from the previous rate of Rs 422,700. Similarly, the price of 10 grams of 24 karat gold increased by Rs 4,715. It now stands at Rs 367,112 compared to Rs 362,397. Meanwhile, 22 karat gold rose by Rs 4,322 to reach Rs 336,531 from Rs 332,209.
Silver prices also saw a sharp rise across local markets. The per tola rate for silver climbed by Rs 147 to Rs 5,247. Additionally, the price for 10 grams of silver increased by Rs 126 to reach Rs 4,498. On the global front, silver gained $1.47 to hit $51.60 per ounce. This surge reflects broader demand across safe-haven metals. Investors are turning to silver alongside gold to hedge against uncertainty.
International gold prices also strengthened significantly. The global rate of gold rose by $55 in a single day. It jumped to $4,071 from the previous level of $4,016. Analysts link this rise to growing fears about inflation and geopolitical risks. Gold remains a popular hedge when global markets show signs of instability.
In Pakistan, gold plays a special role beyond just investment. Many people see it as a key method for saving and protecting wealth. Due to the weakening rupee and economic pressures, demand for gold remains high. As a result, local markets have seen consistent price increases in recent months. Families continue to buy gold for weddings, gifts, and long-term security.
At the same time, gold’s global popularity is expanding. New tools like gold-backed ETFs and mobile platforms have boosted investor access. These technologies are helping retail investors enter the gold market more easily. Especially in regions like the Gulf, digital finance is reshaping gold investments. Overall, gold remains a trusted asset in both traditional and modern economies.
