The price of gold has once again reached an all-time high, driven by a persistent upward trend in both global and local bullion markets.
This surge is primarily fueled by increased investment in gold, particularly in the United States and other major economies, as investors turn to safe-haven assets amid ongoing economic uncertainties. As a result, both international and domestic gold prices have hit record levels.
Read more: Gold Reaches Record Highs in Pakistan
In the global market, gold prices climbed by $13 per ounce, reaching a new peak of $2,997. Following this trend, Pakistan’s local gold market also experienced significant price hikes.
The price of 24-karat gold rose by Rs1,100 per tola, setting a new record at Rs314,800 per tola, while the price of 10 grams increased by Rs943, reaching Rs269,890—the highest in the country’s history.
Despite the surge in gold prices, silver rates remained unchanged. The price of silver per tola held steady at Rs3,530, while 10 grams remained at Rs3,026.
Analysts anticipate continued volatility in the bullion market, influenced by global economic conditions and shifting investor sentiment.
