Karachi, Pakistan – Gold prices in Pakistan climbed to a record high on Monday, following a sharp global surge driven by economic uncertainty and rising demand for safe-haven assets.
According to the All Pakistan Gems and Jewellers Association (APGJA), the price of 24-karat gold rose by thousands of rupees per tola, setting a new all-time high. The surge is attributed to fluctuations in the international market, where gold hit its highest level in months amid concerns over inflation, global market instability, and currency devaluation.
Local jewellers reported a slowdown in purchasing activity, as the soaring rates have put gold out of reach for many customers. Analysts warn that continued upward pressure on the dollar and international gold prices could push rates even higher in the coming days.
Meanwhile, investors and traders are closely monitoring the global economic climate, as gold continues to be seen as a safe investment during uncertain times.
