In a historic surge, the price of gold in Pakistan has reached an all-time high of Rs275,500 per tola, marking an increase of Rs2,500.
On Tuesday, the price rose by Rs2,500 per tola, setting a new record in local markets. Similarly, the price for 10 grams of gold increased by Rs2,144, bringing it to Rs236,197. This rise aligns with a global trend, where gold prices surged by $25, reaching a new peak of $2,653 per ounce.
Market analysts attribute this significant increase to various factors, including inflation, global economic uncertainty, and a weakening Pakistani rupee. As investors turn to safe-haven assets, demand for gold continues to grow, pushing prices to unprecedented levels.
The record increase has raised concerns about its impact on the local economy, particularly for industries reliant on gold, such as jewelry. Experts predict that gold prices may continue to rise amid ongoing volatility in global financial markets.
