Gold prices in Pakistan have reached their highest level in history, following a sharp rise in international markets.
According to the All Pakistan Gems and Jewellers Association, the price of one tola of gold increased by Rs14,100, hitting a new record of Rs456,900. Similarly, the price of 10 grams of gold rose by Rs12,089, reaching Rs391,718.
In the global market, gold witnessed an unprecedented increase of $141 per ounce, climbing to $4,358 per ounce, marking a historic high.
Experts attribute this surge to global economic uncertainty, the weakening of the US dollar, and investors’ growing inclination toward safe-haven assets. Gold has long been considered a secure investment during times of inflation, political instability, and financial turbulence.
Historically, gold has served as both a currency and a symbol of wealth, offering protection when investors lose confidence in other assets.
It is worth noting that last year, Pakistan revised its gold pricing mechanism — setting local rates $20 higher per ounce than international market prices, to align with domestic market trends and costs.
