Gold Surges to Record Levels in Pakistan and Global Market

Gold prices in Pakistan soared to record levels on Tuesday, reaching the highest rates in the country’s history. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola rose sharply. It increased by Rs4,700, taking the new price to Rs391,000. The price of 10 grams of gold also surged by Rs4,030. It now stands at Rs335,219, reflecting strong demand and global market trends.

The international gold market also experienced a notable rise, pushing local rates even higher. Gold per ounce increased by $49, reaching a new high of $3,692. This global price spike has directly impacted local gold markets. Investors are turning to gold as a safe asset amid ongoing economic uncertainties. The rise shows both domestic and global factors driving prices up.

Along with gold, silver prices in Pakistan also climbed significantly. The price of a tola of 24-karat silver rose by Rs53, reaching Rs4,496. Meanwhile, the price for 10 grams of silver moved up to Rs3,854. Traders said silver demand also remained firm due to rising global metal prices. These increases are part of a broader trend in precious metals.

Local jewellers and traders noted a steady rise in buyer interest, especially for investment purposes. People are shifting to gold and silver as the rupee weakens and inflation persists. Many see precious metals as a reliable store of value. Dealers expect prices may continue to rise if the global market remains strong.

Experts advise buyers to stay informed as the market remains volatile. Global economic trends, currency shifts, and geopolitical tensions are all influencing metal prices. With gold and silver reaching new highs, careful planning is important. Investors and consumers alike are watching the market closely for the next move.