Gold prices in Pakistan reached an all-time high on Wednesday, continuing their sharp upward trend. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs6,000. With this increase, the new price stands at Rs376,700 per tola. This marks a significant jump from Tuesday, when the price was stable at Rs370,700. The surge reflects both local demand and global market influence.
Similarly, the price of 10-gram gold also climbed to a new record level. It rose by Rs5,144, reaching Rs322,959 in the local market. This consistent rise highlights growing investor interest in gold as a safe-haven asset. With inflation and currency concerns, many are turning to gold for financial security. The local gold market is responding swiftly to these global and domestic trends.
Meanwhile, international gold prices also hit a new record. The global rate reached $3,540 per ounce, up by $60. This price includes a premium of $20, as reported by the APGJSA. International demand and economic uncertainty have pushed prices higher. Central banks and investors are driving this rally amid fears of a global slowdown.
In addition to gold, silver prices also increased slightly in Pakistan. The price of silver per tola rose by Rs12 to settle at Rs4,315. Though the rise is modest compared to gold, it signals a broader trend in precious metals. Investors often look at silver when gold prices surge.
Overall, rising prices in both local and international markets show strong momentum in precious metals. Economic pressures and currency instability are key drivers behind this surge. With no signs of slowing, the gold market may continue to see record highs in the coming weeks.