Karachi: The global gold market witnessed a significant rise, with prices increasing by $36 per ounce, pushing the international rate to $3,387 per ounce. This upward trend has directly impacted the Pakistani market, where the price of gold per tola has surged by PKR 3,600, reaching a new record of PKR 361,200Meanwhile, 10 grams of gold is now priced at PKR 309,671.
Economic experts attribute this surge to growing investor preference for gold amid global uncertainties. As geopolitical and economic instabilities persist worldwide, investors are increasingly turning to gold as a safe-haven asset. This heightened demand is driving prices upward both internationally and domestically.
The rise in gold prices has wide-ranging implications for Pakistan’s economy, affecting jewelers, consumers, and investors alike. Market watchers advise keeping an eye on international trends, as fluctuations in global gold prices continue to influence local rates.
