Gold prices in Pakistan surged once again, with the rate of 24-karat gold climbing by Rs4,600 to reach Rs499,962 per tola, according to the All Pakistan Sarafa Association. The sharp increase marks one of the highest-ever gold prices recorded in the country.
The price of 10 grams of gold also witnessed a significant rise, increasing by Rs3,943 to settle at Rs428,636 in the local bullion market.
Meanwhile, silver prices followed the upward trend, with per tola silver gaining Rs326 to reach Rs8,260, highlighting a broader rise in precious metal rates across Pakistan.
Internationally, gold prices jumped by $46 per ounce, reaching $4,776, as global economic uncertainty and fluctuating investor sentiment continued to push precious metal demand higher.
Market analysts believe persistent volatility in international markets and inflation concerns are driving investors toward gold as a safe-haven asset, contributing to the ongoing surge in prices.