Gold prices in Pakistan surged to new record highs on Wednesday, mirroring gains in international markets as investors flocked to safe-haven assets.
In the local market, the price of gold per tola jumped by Rs. 8,400 in a single day to reach Rs. 425,178, according to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of 10-gram gold also climbed sharply, rising by Rs. 7,202 to Rs. 364,521.
On Tuesday, gold had already set a new high, with the per tola price reaching Rs. 416,778 after a daily gain of Rs. 1,500.
The surge in local prices follows a rally in global gold markets. The APGJSA reported the international gold rate at $4,039 per ounce, including a $20 premium, marking an $84 increase during the day.
Silver prices in Pakistan also moved higher, with the per tola rate rising by Rs. 55 to Rs. 4,984.
The sharp rise in precious metals comes as global investors seek safe havens amid economic and geopolitical uncertainty, pushing gold to historic highs both internationally and in Pakistan.
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