Gold prices in Pakistan surged sharply, with a substantial rise reported in both local and international markets.
The increase comes amid growing economic concerns and a global trend of investors turning to gold as a safe haven.
As shared by the All Pakistan Gems and Jewellers Association, the price of 24-karat gold jumped by Rs. 4,000 per tola, pushing the rate to Rs. 356,900.
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Meanwhile, the cost of 10 grams rose by Rs. 3,430, reaching Rs. 305,984. This marks one of the steepest single-day increases in recent weeks.
On the global front, the price of gold rose by $30 per ounce, reaching $3,375 in the international bullion market.
Analysts believe this surge is largely driven by a combination of rising inflation fears, ongoing currency instability, and growing demand for precious metals in uncertain times.
Experts note that in times of economic stress, investors tend to shift their focus to gold due to its reputation as a stable asset.
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The weakening rupee and persistent inflation in Pakistan are also adding pressure, prompting local buyers to view gold as a more secure investment.
With no immediate signs of relief in global or domestic economic indicators, market watchers expect the trend to continue in the near future.
Jewellers have advised buyers to keep an eye on daily fluctuations as global developments remain unpredictable.
