Gold prices in Pakistan have seen a significant rise, with the price of per tola gold reaching Rs359,700 on July 14. This marks an increase of Rs1,600 compared to previous rates, while the price of 10 grams of gold rose by Rs1,371, reaching Rs308,384.
The sharp increase in local gold prices follows a surge in the international gold market, where the price of gold per ounce increased by $16, reaching $3,372. Silver prices also saw an upward trend, rising by Rs65 per tola to Rs4,087.
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Experts attribute the rise in gold prices to growing global economic uncertainty and a surge in demand for safe-haven assets. As investors seek refuge from inflation and currency volatility, gold continues to be seen as a secure investment.
This trend suggests that gold prices may continue to climb in the near future, reflecting both domestic and international market conditions.