Global and local gold prices surged to record-breaking levels on Friday, driven by escalating tariff tensions between the United States and China.
According to the All Pakistan Sarafa Association, the price of 24-karat gold per tola in Pakistan increased by Rs10,000, reaching an all-time high of Rs338,800. Meanwhile, the price of 10 grams of gold rose by Rs8,573 to Rs290,466.
On the international front, gold hit a historic milestone, with the price per ounce rising by $100 to reach $3,218 — the highest ever recorded in global trading.
Steady rise in gold prices since January
Gold prices have been on a consistent upward trajectory since the start of the year, largely due to global economic uncertainty, inflation fears, and ongoing geopolitical tensions.
Investors have increasingly turned to gold as a safe-haven asset, pushing demand higher. Since January 1, 2025, gold has gained significant value both in the local and international markets, with multiple surges seen during times of economic volatility.
Analysts predict continued volatility in the bullion market as geopolitical tensions and global trade disputes persist, making gold an increasingly attractive option for investors seeking financial security.
