Global uncertainty and market volatility have pushed Pakistani investors to turn to gold and silver, driving both metals to record-breaking levels.
On Tuesday, 24-carat gold reached Rs 388,100 per tola, up by Rs 4,100. Ten grams climbed to Rs 332,733. The 22-carat variant also gained, standing at Rs 305,016.
The trend mirrors international markets, where gold surged to $3,654 per ounce. Analysts say growing geopolitical tensions and fears of economic slowdown have triggered a wave of safe-haven buying worldwide.
Read More: Gold Climbs Globally as Pakistan Hits All-Time High
Silver too saw remarkable gains, touching Rs 4,358 per tola in Pakistan and $41.25 per ounce globally.
Financial experts argue that while gold’s rise benefits investors, it creates a challenge for consumers and manufacturers. Jewelers report fewer buyers due to unaffordable prices, even as traders and wealth managers advise clients to diversify into bullion to protect assets.
With both local and global markets on edge, gold is expected to maintain its upward momentum.