Gold Smashes All Records in Pakistan, Price Almost Touches Rs. 400,000

Gold prices in Pakistan surged to another all-time high on Tuesday, mirroring the bullish trend in international markets, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Local Market Sees Sharp Rise

In the domestic market, the precious metal jumped by Rs. 5,100 per tola, taking the rate to a record Rs. 398,800. Meanwhile, the price of 10 grams of gold climbed by Rs. 4,372, reaching Rs. 341,906.

This increase came on the heels of Monday’s rally, when per tola prices had already leapt by Rs. 3,400 to settle at Rs. 393,700, signaling strong upward momentum in demand and pricing.

Global Bullion Trend

Internationally, bullion prices also advanced significantly. APGJSA reported that gold was trading at $3,770 per ounce (inclusive of a $20 premium), marking a rise of $51 during the day.

Silver Joins the Rally

Following gold’s upward movement, silver prices also gained traction in the local market. The per tola rate of silver increased by Rs. 42, closing at Rs. 4,637.

Outlook

Market experts suggest that persistent global economic uncertainty, coupled with investors seeking safe-haven assets, is likely to keep gold demand elevated in the near term. With both local and international prices setting new benchmarks, analysts believe the momentum could continue unless significant shifts occur in monetary policy or currency markets.