Gold prices in Pakistan have surged to unprecedented levels, reflecting the ongoing fluctuations in the global market and the depreciation of the Pakistani rupee. According to the latest reports, the price of 24-karat gold has soared past PKR 250,000 per tola, setting a new record.
The dramatic increase is attributed to heightened international demand amid economic uncertainties, coupled with local market dynamics. Analysts suggest that this surge may push investors toward gold as a safer option during turbulent economic times.
Jewelry traders and buyers have expressed concern over the soaring prices, with many describing it as unaffordable for middle-income families. “Gold is becoming a luxury that only a few can afford,” said a jeweler in Karachi.
Market experts predict that gold prices may continue to rise if current trends persist, urging buyers to stay informed before making any investments.
