Gold prices in Pakistan reached a new record on Tuesday as economic worries pushed investors to buy gold. The 24-karat gold rate rose sharply by Rs5,900, reaching Rs363,700 per tola, the highest it has ever been.
This jump mirrors a global trend where gold prices are rising due to increased market uncertainty and global events.
Key Highlights:
- 24-karat gold rose to Rs363,700 per tola, gaining Rs5,900 in just one day.
- 10-gram 24-karat gold now costs Rs311,814, up Rs5,059.
- The price of 22-karat gold stood at Rs285,839 for every 10 grams.
- Silver prices remained unchanged at Rs3,441 per tola and Rs2,950 per 10 grams.
- Global gold prices reached $3,454 per ounce, marking a gain of $139.5 in just one session.
Why Are Gold Prices Rising?
Global Economic Worries
Gold prices Pakistan are climbing as many investors grow uncertain about the global economic outlook today.
One major reason is U.S. President Donald Trump’s critical remarks about Federal Reserve Chairman Jerome Powell.
These remarks caused fear about economic stability, leading investors to turn toward gold as a safe option.
As a result, more investors moved their money into gold, a safe investment during risky times. This shift pushed prices higher both in Pakistan and around the world.
Technical Signals and Local Market Reaction
From a market point of view, gold has passed key resistance levels, showing strong demand. The All-Pakistan Gems and Jewelers Sarafa Association (APGJSA) confirmed these new rates.
In contrast, silver prices stayed flat, showing less interest from investors compared to gold.
Expert Insight on the Price Hike
Financial experts believe gold could rise even more if global worries continue. One analyst said, “People are looking for safety, and gold gives that during uncertain times.”
Many investors are changing their investment strategies and putting more trust in gold to protect their money.
Conclusion: What This Means for Investors
The rise in gold prices shows growing worry about inflation and global events. If these concerns continue, gold prices may climb further. For people in Pakistan, this could be a sign to watch gold closely and consider it for long-term investment.
For more updates and insights, visit Daily Gold Signal.
You can also check out the Daily Gold Update section for the latest market reports.
FAQs About Gold Prices in Pakistan
1. Why are gold prices in Pakistan rising?
Gold prices in Pakistan are rising due to global economic uncertainty, particularly after U.S. President Donald Trump's critical remarks about Federal Reserve Chairman Jerome Powell. This has caused many investors to turn to gold as a safe investment.
2. What is the current price of 24-karat gold in Pakistan?
The price of 24-karat gold in Pakistan has hit a record high of Rs363,700 per tola.
3. How much has the price of 22-karat gold increased?
The price of 22-karat gold in Pakistan has been quoted at Rs285,839 per 10 grams, reflecting a significant rise in value.
4. What is causing the surge in global gold prices?
Global gold prices are rising due to growing concerns about economic stability, especially after tensions between U.S. President Donald Trump and the Federal Reserve.
5. How can I stay updated on gold prices in Pakistan?
You can check for daily updates on gold prices at trusted websites like Daily Gold Signal.
