Gold prices continued their upward trajectory in both local and international markets, as growing global economic uncertainties and inflationary fears pushed investors toward safe-haven assets.
In Pakistan, the price of 24-karat gold surged by Rs 3,500 per tola, reaching Rs 351,000. Similarly, the price of 10 grams of 24-karat gold rose by Rs 3,000 to Rs 300,925. Meanwhile, 22-karat gold was recorded at Rs 320,191 per tola.
Today’s Gold and Silver Rates:
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Gold (24K) – 1 Tola: Rs 351,000
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Gold (24K) – 10 Grams: Rs 300,925
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Gold (22K) – 1 Tola: Rs 320,191
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Silver – 1 Tola: Rs 3,466
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Silver – 10 Grams: Rs 2,971
On the international front, gold prices saw a significant jump of $35 per ounce, climbing to a record high of $3,326 per ounce. Analysts attribute this sharp increase to mounting concerns over global inflation, geopolitical tensions, and currency market volatility, which have shaken investor confidence in traditional assets.
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Silver prices also experienced a notable rise, increasing by Rs 38 per tola in the local market to Rs 3,466. The price of 10 grams of silver moved up by Rs 33 to settle at Rs 2,971.
Financial experts predict that demand for precious metals is likely to remain strong in the near term, as uncertainty continues to dominate the global economic landscape.