Karachi( The COW News Digital) Gold prices in Pakistan have soared to record-breaking levels, with an increase of several thousand rupees per tola, according to the All Pakistan Sarafa & Jewellers Association. This surge marks the highest historical level for gold prices in the country.
As per the Association, the domestic gold price per tola rose by PKR 6,000, reaching PKR 376,700. Similarly, the price of 10 grams of gold climbed by PKR 5,144, touching PKR 322,959. The significant increase reflects both domestic and international market trends, signaling a period of heightened demand and investment interest in gold.
Globally, gold has also witnessed substantial gains. In the international market, the price of one ounce of gold surged by USD 60, reaching USD 3,540, its highest level ever recorded. Analysts attribute the rising prices to several factors, including inflation concerns, currency fluctuations, and geopolitical uncertainties, which have driven investors toward gold as a safe-haven asset.
The All Pakistan Sarafa & Jewellers Association highlighted that the surge in prices is not limited to Pakistan but is part of a broader global trend. Investors and traders have been closely monitoring these developments, with many opting to invest in gold amid economic uncertainty and declining returns from other investment channels.
Gold has historically been considered a stable and secure investment during periods of market volatility. Financial experts believe that this price surge could continue in the short term, urging buyers to remain cautious and well-informed before making significant purchases.
Jewellers across the country are reporting an increase in customer inquiries, as citizens seek to invest in gold for savings and protection against inflation. However, the high prices have also limited the buying capacity of some small investors, reflecting a gap between demand and affordability.
Economic analysts suggest that while gold remains a safe investment, market participants should monitor international trends and domestic policy changes that may impact gold prices further.
As gold reaches unprecedented heights, both domestic and international markets are expected to witness continued attention from investors seeking stability amid economic uncertainties.
