Gold prices continue to rise, reaching new record levels in both global and local markets. The cost of gold per tola in Pakistan has now touched an all-time high, reflecting the ongoing surge in international rates.
On Saturday, the price of 24-carat gold per tola increased by Rs. 1,620, bringing it to an unprecedented Rs. 325,000. Meanwhile, the price for 10 grams of gold climbed by Rs. 1,389, now standing at Rs. 278,635.
This significant increase follows the previous day’s sharp rise, when gold prices jumped by Rs. 2,380 in a single session, reaching Rs. 323,380 per tola.
Globally, gold prices are also experiencing a steady climb. The price per ounce in the international market rose by $10, reaching $3,084. A day earlier, gold had peaked at $3,086, before settling at $3,072 by the market’s close.
While gold continues to surge, silver prices have moved in the opposite direction. The price of silver per tola dropped by Rs. 30, settling at Rs. 3,580, while the price for 10 grams fell by Rs. 27, bringing it down to Rs. 3,069.
Market experts believe the ongoing fluctuations in gold prices are influenced by key global factors. Two major events are being closely watched: the upcoming US employment data, which could impact investor sentiment, and the April 2 tariff deadline, as new trade policies may bring further market uncertainty.
According to experts, gold prices remain highly volatile, and while some predict a correction in prices, the exact timing of such a shift remains uncertain. For now, gold continues to shine as investors seek stability amid global economic changes.
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