Gold prices in Pakistan reached an all-time high on Thursday, with 24-karat gold hitting Rs309,000 per tola. This is a Rs1,000 increase in just one day. Similarly, 24-karat gold per 10-gram rose to Rs264,917, gaining Rs857.
Silver prices also went up, with 24-karat silver selling at Rs3,468 per tola, an increase of Rs28.
Key Points of Gold Prices
- Gold prices in Pakistan hit Rs309,000 per tola, up by Rs1,000.
- 24-karat gold per 10-gram rose to Rs264,917, gaining Rs857.
- Silver prices also increased, reaching Rs3,468 per tola.
- Globally, gold traded near $2,952 an ounce, up 0.57%.
Why Are Gold Prices Rising?
Global Factors
Gold prices are rising worldwide due to growing concerns about a possible global trade war. U.S. President Donald Trump’s tariff threats have made investors nervous. As a result, many are turning to gold as a safe investment during uncertain times.
Local Market Trends
In Pakistan, the rise in gold prices follows global trends. The All-Pakistan Gems and Jewelers Sarafa Association (APGJSA) reported the increase, showing strong demand for gold and silver in the local market.
What Does This Mean for Investors?
Gold is often seen as a safe investment during times of economic uncertainty. With prices hitting record highs, now might be a good time to keep an eye on the market. Experts believe the upward trend could continue in the short term.
Conclusion
Gold prices in Pakistan have reached a new high, driven by global and local factors. Whether you’re an investor or just curious, staying updated on market trends is important. For the latest updates, visit Daily Gold Signal. For daily updates on gold prices, check out Daily Gold Updates.
