According to the All Pakistan Sarafa Gems and Jewellers Association, gold in Pakistan has reached new heights. The price of 24-carat gold per tola jumped by Rs1,900, taking it to Rs397,700. Similarly, the price of 10 grams of gold increased by Rs1,629, bringing it to Rs340,963.

Experts say the main reasons behind this surge are fluctuations in the US dollar’s value and rising global demand for gold.

It is not only gold but silver prices are also touching record levels. In Pakistan, the price of silver per tola rose by Rs105 to Rs4,704, while 10 grams of silver went up by Rs90 to Rs4,032.

Internationally, gold also showed strong upward momentum. In the global market, the price of gold per ounce increased by 19 dollars, reaching 3,759 dollars.

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Analysts believe that uncertain economic conditions worldwide have forced investors to consider gold as a safe investment, which directly affects Pakistan’s local bullion market.

This constant surge in gold and silver prices shows how local markets are directly linked with global uncertainty. People are shifting to gold as a safe haven, which is pushing prices higher every day. If the same trend continues, buying gold and silver will become even more difficult for common people in the coming days.