Rapid Domestic and International Gold Price Hike Raises Investor Alert
KARACHI: Gold prices in Pakistan continued their upward momentum for the second consecutive day, reflecting a robust surge in both domestic and international markets.
According to the All Pakistan Gems and Jewelers Association (APGJA), the price of gold per tola climbed by Rs.15,200, settling at Rs.479,262. Meanwhile, the cost of 10 grams of gold rose by Rs.13,031, now priced at Rs.410,889.
The rise in domestic prices mirrors trends in the international market, where gold gained $152 per ounce, reaching $4,565. Analysts attribute the surge to ongoing economic uncertainties, currency fluctuations, and a heightened demand for safe-haven assets.
Just a day earlier, gold prices had jumped by Rs.16,300 per tola, indicating a rapid escalation in value that investors and consumers are closely monitoring. Jewelers have reported increased inquiries, as people seek to hedge against inflation and preserve wealth.
Market experts warn that the rally could continue if global economic instability persists, suggesting that buyers should act cautiously. “Gold has become a reliable store of value during uncertain times, but rapid price fluctuations require careful investment planning,” said an APGJA official.
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