Karachi: Gold prices in Pakistan have surged to an all-time high, reaching Rs 308,000 per tola amid increasing global market rates and economic uncertainty.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold rose by Rs 2,500 per tola, setting a new record in the country’s bullion market. Meanwhile, the price of 10 grams of gold climbed to Rs 264,071, marking a significant increase in just a few days.
The sharp rise in gold prices is attributed to fluctuations in international markets, the depreciation of the Pakistani rupee, and increased investor interest in safe-haven assets. Globally, gold is trading above $2,050 per ounce, further fueling the price hike in local markets.
Experts predict that gold prices may continue to rise due to ongoing economic uncertainty and global inflation concerns. Investors and traders are closely monitoring the situation, with many opting to buy gold as a hedge against currency devaluation.
This historic surge comes as Pakistan struggles with inflation and economic challenges, making gold one of the most sought-after commodities in the country.
