Gold price in Pakistan surged to a historic level on Tuesday, creating strong buzz in local markets and among investors. The sharp rise followed a jump in international gold rates as global demand for safe-haven assets increased amid economic uncertainty.
According to the All Pakistan Sarafa Gems and Jewellers Association, the gold price in Pakistan increased by Rs8,500 per tola in a single day. The new price of 24-karat gold reached Rs470,862 per tola, marking the highest level ever recorded in the country. This surge came during the second consecutive session of gains in both local and global markets.
The price of 10 grams of 24-karat gold also went up by Rs7,288. It is now being sold at Rs403,688. Meanwhile, 10 grams of 22-karat gold rose by Rs6,681 to reach Rs370,060. Jewellers say strong investor interest and rising global rates pushed prices higher.
In the international market, gold gained $85 per ounce. It settled at $4,485 per ounce. Analysts link this increase to steady demand, currency fluctuations, and fears over global economic stability. Many investors are shifting towards precious metals to protect their wealth.
Unlike gold, silver prices remained unchanged. The price of 24-karat silver stayed at Rs7,205 per tola. The rate for 10 grams of silver also remained stable at Rs6,177. This shows that the rally was mainly driven by gold trading.
Market experts believe the gold price in Pakistan may remain volatile in the coming days. Factors such as global inflation, interest rate expectations, and international market trends will continue to influence prices. Buyers and investors are advised to stay cautious and closely watch market movements.
2 Comments
Need a quick access to 555win? 555winlogin is a good alternative link. Haven’t had any issues with it so far. Check it out man! : 555winlogin
I’ve tested cashtornadoapp and I have to say that this stuff blew my mind. I can’t have enough of this, I just can’t stop keep playing cashtornadoapp