Pakistan: Gold Prices Surge by Rs14,800 Per Tola in Single Day

KARACHI — Gold prices in Pakistan witnessed a sharp increase on Wednesday, with rates jumping by Rs14,800 per tola to reach Rs529,162.
The price of 10 grams of gold also surged by Rs12,689, bringing it to Rs453,671.
The latest hike follows Tuesday’s historic increase when gold prices soared by a record Rs24,000 per tola to reach Rs514,362.
Meanwhile, silver prices also saw an uptick, with the per tola rate increasing by Rs109 to settle at Rs9,255.
The precious metal has been experiencing significant volatility in recent days, reflecting global market trends and local economic pressures. The steep increases have put further strain on consumers and the jewelry industry in Pakistan.
Market analysts attribute the surge to multiple factors including international gold price movements, currency fluctuations, and domestic economic conditions.