The global gold rally has pushed Pakistan’s bullion market to record levels, with prices touching their highest point ever.
The All Pakistan Sarafa Gems and Jewellers Association reported a Rs6,100 surge in 24-carat gold per tola, taking it to Rs384,000. Prices for 10 grams also spiked by Rs5,230, reaching Rs329,219.
Silver prices hit fresh records too, climbing Rs23 per tola to Rs4,338. The rise reflects movements in the global market, where gold jumped $61 to settle at $3,613 an ounce.
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Internationally, safe-haven demand has intensified due to mounting concerns over global financial stability. Investors are hedging against uncertainty, driving bullion prices higher across Asia, Europe, and the US.
In Pakistan, traders view the surge as both a sign of opportunity and risk. While gold remains a reliable hedge, experts warn that soaring costs may fuel market distortions and encourage panic buying.
The latest spike cements gold’s role as a preferred safe-haven asset during economic turbulence, but it also underlines the challenges facing local economies like Pakistan, where consumers bear the immediate cost of global shifts.