Gold Prices Surge in Pakistan and Global Market

Karachi: Gold prices are rising rapidly in both Pakistan and international markets, causing concern among buyers and investors. The sharp increase in rates has made gold less affordable for many, especially those planning weddings or long-term investments. This continued upward trend is pushing gold prices to record levels. Traders attribute the rise to global market pressures and local currency fluctuations. As a result, gold buyers are adopting a wait-and-watch approach.

In the local bullion market, 24-karat gold per tola increased by Rs. 5,100, reaching Rs. 398,800. The price of 10 grams rose by Rs. 4,372, bringing it to Rs. 341,906. Meanwhile, 22-karat gold per 10 grams reached Rs. 313,425. These new prices reflect the highest levels recorded in recent weeks. The surge has slowed down regular gold trading in local markets.

Internationally, gold prices are also climbing at a fast pace. According to fresh data, gold per ounce rose by $51. This increase brought the global rate to $3,770 per ounce. Analysts say rising geopolitical tensions and economic uncertainty are driving global investors toward gold. The metal is being seen as a safe-haven asset amid global instability.

Just a day earlier, gold prices had already seen a major jump in Pakistan. Per tola gold increased by Rs. 3,400, hitting Rs. 393,700. Similarly, 10 grams rose by Rs. 2,915, reaching Rs. 337,534. That spike has now been overtaken by today’s even higher rates. Local jewelers report fewer buyers as prices keep climbing.

With prices hitting new peaks, experts advise caution and careful planning before making any gold purchases. Buyers are urged to track trends and consult reliable sources before investing. If the global and local economic pressures continue, gold rates may rise further. For now, the market remains highly unstable and unpredictable.