According to market details, the price of 24-karat gold per tola jumped by Rs1,700, reaching a new all-time high of Rs390,300.
Similarly, the price of 10 grams of gold increased by Rs1,458, climbing to Rs334,619. This sudden surge has put added pressure on the local market.
Experts say the rise in global dollar value and heavy investment in precious metals worldwide are directly affecting Pakistan’s market.
Silver prices also continued to rise, with per tola silver becoming costlier by Rs114, now standing at Rs4,532. Analysts believe the upward trend in both gold and silver is not temporary but linked to global economic uncertainty.
Internationally, gold also jumped higher. In the global market, gold per ounce surged by 17 dollars to settle at 3,685 dollars.
Experts link this to Middle East tensions and changes in the dollar index, which have pushed investors towards safer assets like gold and silver.
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They further warn that if this trend continues, gold prices in Pakistan could cross the dangerous mark of Rs400,000 per tola, creating even more trouble for ordinary buyers.
Gold and silver prices are climbing fast both locally and globally. Rising dollar and political tensions are driving investors to safe metals. If this continues, hitting Rs400,000 per tola may not be far. For common buyers, this means more financial strain and less affordability in the days ahead.
