Gold Prices Surge in Pakistan — Per Tola Rate Crosses Rs550,000 Mark
KARACHI: Gold prices witnessed a sharp rise in Pakistan’s bullion markets on Saturday, with the per tola rate climbing by Rs10,000 to reach Rs550,562, according to the All Pakistan Sarafa Markets Association.The price of 10 grams of gold also surged by Rs8,574, settling at Rs447,018, putting further pressure on consumers and jewellers alike.The domestic spike…
KARACHI: Gold prices witnessed a sharp rise in Pakistan’s bullion markets on Saturday, with the per tola rate climbing by Rs10,000 to reach Rs550,562, according to the All Pakistan Sarafa Markets Association.
The price of 10 grams of gold also surged by Rs8,574, settling at Rs447,018, putting further pressure on consumers and jewellers alike.
The domestic spike mirrors a rally in international markets, where gold prices jumped by $100 to trade at $5,278 per ounce amid growing global economic uncertainty and fluctuations in the US dollar index.
Analysts attribute the continued upward trend in gold prices to geopolitical tensions, investor flight to safe-haven assets, and broader macroeconomic pressures affecting emerging markets including Pakistan.
