Gold prices in Pakistan have seen a significant rise, with the per tola rate increasing by Rs. 3,000, as reported by the All Pakistan Gems and Jewellers Association. This surge has pushed the price of 24-karat gold to Rs. 307,000 per tola.
The upward trend in local gold prices corresponds with a global surge, as international gold rates have climbed by $28 per ounce, reaching $2,921 per ounce in the global market.
Read more: Gold reaches record highs in Pakistan.
Experts attribute this price hike to fluctuations in the international bullion market, economic instability, and the growing demand for gold as a safe-haven investment. Persistent global inflation and economic uncertainties have further contributed to the rising gold rates.
Analysts recommend that investors and buyers closely observe market trends, as gold prices remain highly volatile in both domestic and global markets.
