Gold prices have hit a new all-time high in both the local and international markets, continuing a remarkable upward trend. On Wednesday, the price of gold in Pakistan increased significantly, with the All Pakistan Gems and Jewellers Association reporting that the price for one tola rose by Rs2,000, bringing it to an impressive Rs285,400.
The price of gold per 10 grams also climbed, increasing by Rs1,714 to reach Rs244,684. This surge reflects the growing demand for gold as a safe investment amid economic uncertainties.
On the global stage, gold prices also soared, with the price per ounce rising by $20 to achieve a record high of $2,757. This increase in international prices is contributing to the bullish trend seen in domestic markets.
Just a day prior, gold prices had already experienced a boost, with the per tola price increasing by Rs1,100 to close at Rs283,400, while the price for 10 grams rose by Rs943 to reach Rs242,970.
In contrast, the prices of silver remained stable, with per tola silver holding steady at Rs3,150 and the price for 10 grams at Rs2,700.62.
The continuous rise in gold prices highlights its status as a reliable asset in uncertain economic times, making it an attractive option for investors. As the market continues to evolve, many are keenly watching how these prices will trend in the coming days.
