Gold continued its upward momentum on the first business day of the week, hitting a new all-time high amid surging global prices triggered by escalating trade tensions.
According to the All Pakistan Gems and Jewellers Association, the per tola gold rate jumped by Rs8,100, reaching a record Rs357,800. Meanwhile, the price for 10 grams rose by Rs6,944 to Rs306,755.
Read more: Gold Prices Surge to Record Highs
The international bullion market also witnessed a significant gain, with gold per ounce climbing $69 to $3,395. Analysts linked the price hike to growing geopolitical uncertainties, particularly due to U.S. tariff moves.
On April 2, President Donald Trump enforced “reciprocal tariffs” on multiple nations. Although some countries received temporary relief, the trade conflict with China has worsened.
Earlier today, China issued a warning to other nations, urging them not to pursue economic deals with the U.S. that come at Beijing’s expense.
On Saturday, domestic gold prices remained steady, with per tola holding at Rs349,700 and 10 grams at Rs299,811.
