KARACHI: Gold prices in Pakistan witnessed a sharp increase of Rs 4,300 per tola on Thursday, reaching Rs 358,400, according to the All Pakistan Sarafa Gems and Jewellers Association. The price of 10 grams of 24-karat gold also rose by Rs 3,684, settling at Rs 307,270.
The surge in local prices mirrors the international market, where gold rates climbed by $43 per ounce to hit $3,400. The increase reflects ongoing global demand and the broader economic and geopolitical factors that influence the precious metals market.
Gold remains a trusted store of value and symbol of wealth. In times of economic uncertainty and international instability, it is often considered a safe-haven asset. This role has been reinforced in recent years, as both institutional and individual investors look for protection against financial volatility.
