Gold prices in Pakistan surged to an all-time high on Wednesday, with the price per tola increasing by Rs 3,800 to reach Rs 308,000, in line with rising international rates.
The sharp rise follows a steady upward trend in recent days, reflecting global market movements.
According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold also saw a significant jump of Rs 3,258, settling at Rs 264,060.
The latest increase comes after gold prices had already climbed by Rs 1,000 on Tuesday, reaching Rs 304,200 per tola.
In the international market, gold prices also registered a notable rise. As per APGJSA, the global rate of gold reached $2,944 per ounce (including a premium of $20), marking a $34 increase during the day.
The continuous upward movement in prices highlights strong demand for the precious metal amid economic uncertainties.
The latest spike surpasses Friday’s previous record, when gold touched Rs 306,200 per tola, reflecting heightened investor interest in the commodity. Meanwhile, silver prices also saw an increase, rising by Rs 90 to settle at Rs 3,440 per tola.
Market analysts attribute the rising gold prices to global economic factors, including inflationary pressures and central banks increasing their gold reserves.
