Record-breaking gains in international bullion markets and domestic economic concerns pushed gold prices in Pakistan to their highest level ever on Monday.
KARACHI: Gold prices in Pakistan climbed to a historic high on Monday, reflecting a powerful rally in international bullion markets and growing demand for safe-haven investments amid economic uncertainty.
According to the All Pakistan Supreme Jewelers Association, the price of 24-karat gold surged by Rs4,643 per tola (11.66 grams), reaching an all-time record of Rs442,636. Meanwhile, the price of 10 grams of gold increased by Rs4,179 to settle at Rs378,345.
Market experts linked the sharp rise to strong gains in global gold markets, where bullion prices continued their upward momentum due to heightened geopolitical tensions and increasing expectations that major central banks could lower interest rates in the coming months.
Domestic factors also played a significant role in driving prices higher. Persistent inflation concerns, economic uncertainty, and currency depreciation encouraged investors to shift funds toward gold, traditionally viewed as a reliable store of value during volatile periods.
The latest rally underscores the growing appeal of precious metals as a hedge against financial instability. Analysts believe gold may remain elevated if global economic risks persist and international demand continues to strengthen.
About The Author
