Gold and Bitcoin prices surged globally as Pakistan’s bullion market hit record highs, raising investor concerns over inflation, economic uncertainty, and growing instability in international financial markets worldwide.
WEBDESK – UzGul – MEDIABITES NEWS
Global financial markets witnessed another day of sharp moves, with gold, silver, and cryptocurrency prices remaining elevated amid economic uncertainty and investor concerns over inflation and currency instability.
In Pakistan, the price of 24-karat gold climbed to Rs. 469,700 per tola, marking one of the highest levels recorded in recent months. Internationally, gold traded at nearly $4,549 per ounce, reflecting strong global demand for safe-haven investments as fears of recession and geopolitical tensions continue to influence investor behavior.
Silver prices also moved upward in both local and international markets. In Pakistan, silver was priced at Rs. 8,062 per tola, while the international silver rate hovered between $32 and $33 per ounce. Bullion traders said investors are increasingly turning toward precious metals to protect their savings from inflation and market volatility.
At the same time, Bitcoin continued to maintain strong value in the global digital market. The leading cryptocurrency was trading at around Rs. 21.4 million per Bitcoin in Pakistan, while the international Bitcoin price stood close to $76,800. Financial analysts believe the cryptocurrency market is benefiting from growing institutional interest and rising public confidence in digital assets despite fluctuations in trading activity.
Experts noted that the simultaneous rise in gold and Bitcoin highlights uncertainty in global financial systems. Economic slowdown fears, unstable oil prices, central bank policies and fluctuations in the US dollar are all contributing factors behind the current market trend.
Market observers warned that further volatility could be expected in the coming weeks if inflationary pressures continue to rise worldwide. Investors have been advised to remain cautious and closely monitor international financial developments before making investment decisions.
