Gold prices hit all-time high in Pakistan

KARACHI (Web Desk) — Gold prices surged to unprecedented levels on Monday, both internationally and in Pakistan, driven by mounting economic uncertainty, ongoing central bank purchases, and escalating fears of stagflation.

In the international bullion market, the price of gold soared by $69 per ounce, reaching a record high of $3,395. Investors and institutions flocked to the safe-haven asset amid rising geopolitical tensions and financial instability.

The ripple effect was immediately felt in Pakistan’s bullion markets. According to local dealers, the price of 24-karat gold rose sharply by Rs8,100 per tola, setting a new all-time high of Rs357,800. Similarly, the price of 10 grams of 24-karat gold climbed by Rs6,944 to reach Rs306,755.

Silver also saw gains, with the price per tola increasing by Rs24 to Rs3,441, and 10 grams up by Rs21 to Rs2,950.