Gold prices in Pakistan have surged to an all-time high, with the per tola rate increasing by Rs3,700, bringing the new price to Rs364,900. This sharp rise marks a significant jump from the previous day, when gold had remained stable at Rs361,200 per tola.
Similarly, the price of 10 grams of gold also saw a notable increase of Rs3,171, pushing the rate to Rs312,842 on Wednesday. This upward trend in gold rates comes amid renewed market volatility, prompting investors to turn toward safer investment options such as precious metals.
Internationally, gold prices have also shown a strong upward trajectory. The global market witnessed a $37 rise in gold per ounce, reaching $3,424. This figure includes a $20 premium, as reported by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), indicating strong global demand and persistent economic uncertainty.
Silver prices mirrored this trend in Pakistan’s local markets. The per tola price of silver increased by Rs46, reaching a new rate of Rs4,081. This consistent growth in both gold and silver prices is reflective of ongoing investor concerns about global inflation, currency instability, and geopolitical tensions.
The continued increase in the prices of precious metals underlines their status as reliable safe-haven assets during uncertain economic times. As markets fluctuate and inflation concerns persist, investors are increasingly shifting their focus to gold and silver, driving demand and contributing to the record-setting prices being witnessed across the country.
Read more: Gold Rate in Pakistan