Gold prices have reached new all-time highs globally and in Pakistan.
According to Express News, the international bullion market saw a $5 increase per ounce today, bringing the price to a record $2,726 per ounce.
In Pakistan, gold prices surged as well. The price of gold per tola rose by Rs. 500, reaching a new peak of Rs. 282,300. The price for 10 grams also increased by Rs. 429, bringing it to Rs. 240,027.
Silver prices in Pakistan have also increased, with the rate per tola silver now at PKR 3,505 and PKR 3,008 for 10 grams.
Earlier Saturday, the international gold price per ounce increased by $9, reaching $2,721. In local markets, 24-karat gold per tola rose by Rs. 900, hitting Rs. 281,800, while 10 grams increased by Rs. 772, reaching Rs. 241,598. Silver prices also rose, with per tola silver now at Rs. 3,150 and Rs. 2,700.62 for 10 grams.
On Friday, the price of gold per tola surged by Rs. 3,000 in Pakistan, reaching Rs. 280,900. This recent spike in gold prices is linked to rising tensions in the Middle East, upcoming U.S. elections, and changes in monetary policies.
Analysts say global economic instability drives investors to buy gold as a safe-haven asset, pushing demand and prices to record levels.
