Gold prices in Pakistan have reached a historic peak, continuing an upward trend driven by global market factors.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-carat gold per tola surged by Rs 8,100 to reach Rs 357,800. Similarly, the price of 10 grams of gold increased by Rs 6,366, bringing it to Rs 281,202.
The global gold market has also witnessed significant changes, with the price of gold per ounce rising by $69 to $3,395. Locally, silver prices also saw an uptick, with the price of a tola of 24-carat silver increasing by Rs 24 to Rs 3,441, and the price for 10 grams of silver climbing by Rs 21 to Rs 2,950. The global silver price rose by $0.22 to $32.77.
Experts attributed the rise in gold prices to the increased global demand for safe-haven assets amid economic uncertainty.
The surge in both gold and silver prices is expected to have a significant impact on the local market, with experts advising investors to remain vigilant as global economic conditions continue to influence precious metal prices.
