Gold Prices Hit Record High, Per Tola Crosses Rs. 435,000 in Pakistan

Gold prices continued their upward trend both globally and locally, reaching new record levels today. According to reports, the international bullion market witnessed a sharp increase of $59 per ounce, pushing the gold rate to $4,134 per ounce.

Following the international surge, gold prices in Pakistan also jumped significantly. The price of per tola gold rose by Rs. 5,900, reaching Rs. 435,762, while 10 grams of gold increased by Rs. 5,065, settling at Rs. 373,595.

Experts attribute this consistent rise to global economic uncertainty, inflationary pressure, and a growing investor shift towards safe-haven assets like gold. The fluctuations in the dollar’s value have also contributed to the volatility in local markets.

Analysts warn that if the global upward trend continues, domestic gold prices in Pakistan may climb even higher in the coming weeks, putting additional pressure on the already struggling jewelry and retail markets.