Gold prices surged again on Tuesday, setting new records in both global and local markets as investors sought safer options amid ongoing economic uncertainty.
In Pakistan, the cost of 24-karat gold per tola rose by Rs2,100, reaching a historic high of Rs349,200, while the price for 10 grams increased by Rs1,800, hitting Rs299,382.
Here’s a quick look at today’s rates:
Today’s Gold Prices:
| Gold | Increase | New Price |
|---|---|---|
| 24-Karat (per tola) | Rs. 2,100 | Rs. 349,200 |
| 24-Karat (10 grams) | Rs. 1,800 | Rs. 299,382 |
This Week’s Gold Trend in Pakistan:
| Dates | Price |
| 25-April | Rs348,700 |
| 24-April | Rs352,000 |
| 23-April | Rs352,000 |
| 22-April | Rs363,700 |
| 21-April | Rs357,800 |
| 21-April | Rs357,800 |
| 19-April | Rs349,700 |
Local jewelers noted that while buyers are still purchasing gold, many are doing so cautiously due to currency volatility and the broader economic climate. Analysts predict gold prices could continue rising if global conditions remain the same.
Internationally, gold climbed by $21 an ounce, hitting $3,310, a new peak. Experts attribute the sustained climb to inflation concerns, geopolitical tensions, and strong central bank demand, all of which have increased interest in gold as a safe investment.