Gold prices in Pakistan reached another record high on Thursday, with per tola rates climbing to Rs572,862 after gaining Rs21,200 during the day in markets.
Similarly, 10-gram gold was sold at Rs491,136 following an increase of Rs18,175, according to the All-Pakistan Gems and Jewellers Sarafa Association’s latest rates released officially.
On Wednesday, gold per tola had already risen to Rs551,662 after a gain of Rs21,100, reflecting a continuous upward trend in the domestic market over consecutive days.
The international gold rate increased by $212 to reach $5,505 per ounce, with a $20 premium, indicating strong global demand amid growing geopolitical and economic uncertainties worldwide.
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Silver prices also increased in Pakistan, rising by Rs264 to reach Rs12,175 per tola, showing that local precious metal values followed the overall bullish trend of gold.
International spot gold extended its rally, briefly touching $5,591.61 per ounce, before settling at $5,542.29, as investors worldwide sought safe-haven assets in response to market volatility.
Analysts said gold is likely to maintain high levels in the short term, driven by domestic demand, global economic pressures, and sustained interest in inflation-hedging investments.
