In recent days, Pakistan has witnessed a significant surge in gold prices. In February 7, 2025, the price of 24-karat gold has escalated by Rs 1,346 per tola, bringing the rate to Rs 300,346. The price for 10 grams of 24-karat gold has risen by Rs 1,154, now standing at Rs 257,241.
The global market movements, where gold prices have also experienced notable increases. In the international market the price of gold has risen by $10, reaching $2,869 per ounce.
Analysts attribute this including economic uncertainties and fluctuations in currency values, which have led investors to seek refuge in precious metals like gold. The increasing demand for gold as a safe-haven has contributed to its escalating prices both domestically and internationally.
The continuous rise in gold prices poses challenge to consumers, particularly those planning weddings or other events where gold jewelry is traditionally significant. Jewelers have reported a decline in sales due to the prices, as many customers are now hesitant to make purchases.
Economists suggest that unless there is stabilization the global economy and currency markets, gold prices may continue to climb. They advise consumers and investors to stay informed about trends and exercise caution in their financial decisions during this period of volatility.
