Gold prices in Pakistan surged to historic highs, with the price of 24-carat gold per tola nearing Rs600,000 for the first time ever, reflecting a sharp rally in global markets.
According to market sources, the price of 24-carat gold rose by a record Rs21,200 per tola to reach Rs572,862, the highest level in the country’s history.
Similarly, the price of 10 grams of gold increased by Rs18,175, climbing to a record Rs491,136 in the local market.
Silver prices also followed the upward trend, with the price of one tola of silver rising by Rs264 to hit an all-time high of Rs12,175.
Meanwhile, in the international market, gold prices jumped sharply, with spot gold rising by $212 in a single day to reach a record $5,505 per ounce.
Analysts attribute the sharp rise in gold prices to global economic uncertainty, inflation concerns, and increased investor demand for safe-haven assets.