Gold prices in Pakistan soared to a new all-time high on Tuesday, mirroring the sharp increase in international markets as investors continue to seek stability amid global economic uncertainty.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola surged by Rs6,900, reaching Rs435,100 in the local market — the highest level ever recorded in the country’s history.
Similarly, the price of 10 grams of 24-karat gold rose by Rs5,916, closing at Rs373,028, while 10 grams of 22-karat gold increased to Rs341,954, showing a gain of Rs5,423.
The significant jump in gold prices reflects a growing trend of investors turning toward safe-haven assets amid volatile global financial conditions and a fluctuating dollar.
In the international market, gold prices climbed by $69, reaching $4,140 per ounce — a record high in global trading. Analysts attribute this surge to heightened investor demand, economic slowdown concerns, and shifting interest rate expectations across major economies.
Market experts noted that as the U.S. dollar strengthens and global inflation concerns persist, investors are increasingly gravitating toward gold as a hedge against uncertainty.
While gold prices reached historic levels, silver rates in Pakistan remained stable. The price of 24-karat silver per tola held steady at Rs5,247, and 10 grams of silver were unchanged at Rs4,498.
Traders anticipate that the upward momentum in gold prices may continue if the international market remains volatile and the rupee weakens further. The domestic bullion market is also being closely watched ahead of the upcoming global financial meetings and monetary policy decisions that could influence commodity prices.
