By our correspondent
ISLAMABAD: Gold prices continued their upward trend in markets across Pakistan, hitting new highs and raising concerns for investors and consumers alike. The All Pakistan Jewellers & Gems Association reported that the price of gold per tola rose by Rs 3,900, bringing it to Rs 475,962. Similarly, the price of 10 grams of gold increased by Rs 3,343, reaching Rs 408,060.
Analysts say the rise is driven not only by domestic demand but also by international market trends. On the global stage, gold prices climbed by $39, reaching $4,533 per ounce, influenced by factors such as currency fluctuations, inflation fears, and geopolitical tensions.
Traders in major cities including Karachi, Lahore, and Islamabad noted heavier buying activity, with many customers investing in gold as a hedge against inflation. Jewelers warned that continued volatility in global markets could further impact local rates, urging buyers to act cautiously.
Experts suggest that while gold remains a safe haven for investors, its rising cost could affect affordability for small-scale buyers who traditionally purchase jewelry during festivals and weddings.
This surge marks one of the most significant increases in recent months, reflecting both domestic demand pressures and international economic shifts.
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