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Gold prices in Pakistan hit another all-time high, fueled by strong demand and a rally in global markets.
The price of gold per tola surged by Rs 8,600, reaching Rs 3,48,000 — the highest ever recorded in the domestic bullion market.
Alongside, the rate of ten grams of gold rose sharply by Rs 7,373, settling at Rs 2,98,353, reflecting investor sentiment favoring precious metals.
The steep increase was attributed to global market trends, where gold saw a $86 hike, lifting its international price to Rs 3,310 per ounce.
Local jewellers noted that gold demand has remained resilient due to inflation fears and currency instability, encouraging people to seek safe investment options.
Analysts stated that the ongoing geopolitical tensions and central bank policies are also driving global investors toward gold as a hedge.
In addition to gold, silver prices followed suit with an upward trend.
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Silver per tola increased by Rs 63, bringing its new rate to Rs 3,460, while ten grams of silver now costs Rs 2,965.6.
This continuous rise in both gold and silver prices could lead to further shifts in consumer buying patterns and wedding season jewellery demands.
Experts predict that unless global markets stabilize, local bullion prices may remain on an upward trajectory in the coming weeks.
