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Gold prices in Pakistan surged to a record high on Wednesday, following a rise in international rates. In the local market, the price per tola of gold increased by Rs2,000, reaching a new peak of Rs285,400, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Similarly, the price of 10 grams of gold rose by Rs1,714, now standing at Rs244,684.
This follows Tuesday’s rise of Rs1,100, which brought the per tola price to the then-record of Rs283,400.
Silver also saw gains in the local market, rising by Rs200 to reach Rs3,350 per tola.
Gold remains a preferred safe-haven asset during periods of economic and geopolitical instability.
Globally, gold prices also climbed on Wednesday, driven by geopolitical tensions in the Middle East and uncertainty ahead of the upcoming US elections. According to the APGJSA, international gold was priced at $2,757 per ounce, with a $20 premium, reflecting a $20 increase during the day.
