KARACHI: Gold prices in Pakistan reached an unprecedented peak on Tuesday, setting new records in both local and international markets.
As reported by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold saw a significant hike of Rs8,500 per tola, soaring to Rs470,862. Similarly, the rate for 10 grams of 24-karat gold experienced a sharp increase of Rs7,288, now priced at Rs403,688. Meanwhile, 10 grams of 22-karat gold rose by Rs6,681, bringing its value to Rs370,060.
Globally, gold prices surged by $85 per ounce, reaching $4,485, driven by heightened investor interest amidst fluctuating currencies and economic instability.
In contrast to gold’s meteoric rise, silver prices remained unchanged. The cost of 24-karat silver per tola held firm at Rs7,205, while 10 grams of silver remained steady at Rs6,177.
This unprecedented rise in gold values highlights the sustained global demand for precious metals as a reliable investment during periods of economic uncertainty, with both domestic and international buyers actively investing in gold.
