Islamabad, September 27, 2024 – Gold prices in Pakistan have experienced a staggering increase, soaring by Rs. 70,000 in the past year. This dramatic rise has been attributed to a combination of global market trends, inflationary pressures, and currency fluctuations.
As of today, the price of 24-karat gold reached an all-time high of Rs. 260,000 per tola. Jewelers and investors are witnessing a significant shift in consumer behavior, with many turning to gold as a safe-haven asset amid economic uncertainties.
Experts predict that the ongoing geopolitical tensions and rising international gold prices may further impact local rates. Consumers are urged to stay informed and consider their options carefully as the market continues to evolve.
The substantial increase in gold prices has raised concerns among everyday consumers, particularly those looking to purchase jewelry for weddings and other significant events. As demand surges, many are now reconsidering their budgets and purchasing strategies.
The government is being urged to monitor the situation closely and implement measures to stabilize the market, ensuring that gold remains accessible to all segments of society.
