Independent Report
Karachi: Gold prices surged sharply across Pakistan, reaching an all-time high amid global market volatility and domestic economic uncertainty. According to the All Pakistan Sarafa Association, the price of gold increased by Rs7,500 per tola, taking it to Rs489,362.
Similarly, the price of 10 grams of gold rose by Rs6,431 to Rs419,549. Market analysts attributed the sharp rise to fluctuations in international gold rates, depreciation of the Pakistani rupee against the US dollar, and investor demand for safe-haven assets.
Traders warned that if global trends continue, further increases in local gold prices cannot be ruled out in the coming days. Jewelers reported a slowdown in retail buying due to rising costs, while investors continued to show strong interest in gold as a hedge against inflation and financial instability.
