Gold prices in Pakistan and globally have jumped sharply, reaching historic highs amid strong market demand and rising international rates. Experts say the surge reflects both global economic trends and local investor interest in safe-haven assets.
On the international market, the price of gold increased by $85 per ounce on Tuesday, pushing the global rate to $4,485 per ounce—a new peak in recent trading history.
Analysts attribute the rise to currency fluctuations, inflation concerns, and increased buying activity from investors seeking stable assets.
The impact was also felt in local markets, where 24-karat gold prices soared significantly. In Pakistan, the price of one tola of gold rose by Rs. 8,500, reaching a record Rs. 470,862.
Similarly, the cost of 10 grams of gold increased by Rs. 6,681, climbing to Rs. 403,688. Jewelers and traders reported strong demand as buyers sought to capitalize on the rising trend.
Despite the surge in gold, silver prices remained steady in local markets. The price of one tola of silver stayed at Rs. 7,205 while 10 grams maintained a value of Rs. 6,177. Market analysts suggest that silver is less affected by international movements, keeping its rate stable for investors.
The historic rise in gold prices highlights the growing importance of precious metals as a hedge against economic uncertainty. Traders expect the upward trend to continue in the short term, though some caution that global market shifts could influence future rates.
Investors are advised to monitor both local and international developments carefully, as gold continues to show strong potential as a safe investment in Pakistan’s current economic environment.
