Gold Prices Climb in Pakistan Amid International Market Surge

Karachi: Gold prices in Pakistan have seen a notable increase, with the rate for one tola of 24-karat gold reaching Rs. 304,000, marking a rise of Rs. 2,500 from previous rates. The surge in domestic prices coincides with an uptick in the international gold market, where prices have climbed by $25 to a new level of $2,913 per ounce.

According to a statement by All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of 24-karat gold has risen by Rs. 2,144, bringing the total to Rs. 260,631. Meanwhile, the rate for 10 grams of 22-karat gold has increased by Rs. 1,965, now standing at Rs. 238,920.

The increase in gold prices domestically reflects trends in the global market, where geopolitical tensions and economic uncertainties often drive investors toward the traditionally stable investment of gold. Such movements in the gold market are closely watched by investors and consumers in Pakistan, where gold is a popular choice for both investment and personal adornment.

Market analysts suggest that the fluctuating gold prices could continue depending on international market conditions and local economic factors. The association’s latest data provides critical insight into these ongoing trends, impacting both the retail and investment sectors across the country.

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