Gold hits fresh record high in Pakistan

Gold prices in Pakistan have surged to an all-time high, with 24-karat gold now trading at Rs287,300 per tola and Rs246,320 for 10 grams.

This increase follows a global uptrend, where gold prices rose by $7.38 to $2,783.63 per ounce.

Meanwhile, silver rates in Pakistan remain stable, with one tola priced at Rs3,630 and 10 grams available for Rs3,112.2. The international market has silver priced at $34.14 per ounce.

Previous Market Trends

Yesterday, gold prices in the international bullion market saw a significant increase of $16, reaching $2,755 per ounce. This led to a Rs1,600 surge in Pakistan’s local gold market, bringing the price to Rs285,000 per tola. The price of gold per 10 grams also rose by Rs1,372, reaching Rs244,342.

Market Analysis

Experts attribute the price hike to various factors, including:

• Global market fluctuations
• Economic indicators
• Investor sentiment