Gold prices have surged significantly across Pakistan, recording a sharp increase in both local and international markets.
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According to the All Pakistan Gems and Jewellers Association, the price of gold per tola has risen by Rs15,300, pushing it to over Rs494,000 nationwide. This marks one of the most substantial single increases in recent weeks, reflecting heightened volatility in precious metal markets.
Similarly, the price of 10 grams of gold has increased by Rs13,117, bringing it to Rs423,578. The sharp rise has affected both investors and consumers, particularly those planning purchases for weddings or savings purposes.
In the international market, gold prices have also climbed significantly, increasing by $153 per ounce to reach $4,713. Analysts attribute the surge to global economic uncertainty, inflationary pressures, and increased demand for safe-haven assets. Currency fluctuations and geopolitical tensions are also contributing factors influencing the upward trend.
Gold is widely regarded as a secure investment during uncertain economic conditions, leading to increased buying activity when markets are volatile. However, the sharp rise in prices may dampen demand in the local jewelry market, where affordability becomes a concern for many buyers.
Market experts suggest that if global conditions remain unstable, gold prices could continue to fluctuate in the coming days. Local traders are closely monitoring international developments, as domestic rates are largely influenced by global benchmarks and exchange rate movements.
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Despite the surge, gold remains a preferred option for long-term investment and wealth preservation in Pakistan, particularly during periods of economic uncertainty and market instability.