Gold prices in Pakistan surged to an unprecedented level on Monday, with the per tola rate exceeding Rs 400,000 for the first time.
According to updated figures, the price of gold per tola jumped by Rs 5,900, reaching Rs 403,600, marking the highest-ever increase in domestic markets.
Similarly, the price of 10 grams of gold climbed by Rs 5,058, setting the new rate at Rs 346,021, further reflecting volatility in commodity trade.
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Experts attribute the rise to global market uncertainty and currency fluctuations, which have traditionally pushed investors towards gold as a safe-haven asset.
Jewelers said retail demand has dropped significantly due to soaring costs, though investors continue to buy gold to hedge against financial instability.