KARACHI: The gold prices in Pakistan surged on Monday following an increase in the international market, setting a new record.
Following a rise in the global market, gold prices in Pakistan have reached an all-time high. The price of gold surged by Rs 5,500 per tola, bringing it to Rs 428,200 in the bullion market, marking the highest price the country has ever seen.
In addition, the price of 10 grams of gold increased by Rs 4,715, reaching Rs 367,112. The price of silver also saw a rise, with an increase of Rs 147 per tola, now priced at Rs 5,247. In the global market, gold prices rose by $55, now standing at $4,071 per ounce (which includes a $20 premium).
Experts suggest that this increase is attributed to the anticipated reduction in interest rates and ongoing tensions between the US and China, both of which have drawn investors toward safe-haven investments.
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