Gold prices in Pakistan surged to an all-time high on Friday, crossing the Rs450,000 per tola mark amid a global rally in precious metals.
Unprecedented Daily Increase
According to the All Pakistan Gems and Jewellers Association (APGJA), the price of gold per tola jumped by Rs14,100 in a single day, reaching Rs456,900.
Similarly, the rate for 10 grams of gold increased by Rs12,089, pushing the new record high to Rs391,718.
Global Surge Drives Local Market
In the international market, gold prices climbed above $4,300 per ounce on Friday, marking another historic milestone. Analysts attribute the surge to global economic uncertainty, rising geopolitical tensions, and increased investor demand for safe-haven assets.
Silver Also Reaches New High
Meanwhile, silver prices followed suit, gaining Rs167 per tola to close at Rs5,504, also an all-time high.
Economic Pressure Mounts
Experts warn that the rapid appreciation of gold may add further strain on Pakistan’s economy, already grappling with inflation, currency depreciation, and reduced consumer purchasing power.
