KARACHI: Gold prices climbed sharply today in both international and domestic markets, reflecting renewed investor demand for safe-haven assets.
In the global bullion market, gold gained $13 per ounce, reaching **$4,015**, amid economic uncertainty and rising geopolitical tensions. The uptick in international rates directly impacted local markets, where gold prices hit record levels.
According to the All Pakistan Gems and Jewellers Association, the price of **24-carat gold** rose by **Rs1,300 per tola**, reaching **Rs423,862**, while the rate for **10 grams** of 24-carat gold increased by **Rs1,115**, now priced at **Rs363,393**.
Silver prices also moved upward in tandem with gold. The rate for **silver per tola** rose by **Rs25**, settling at **Rs5,152**, while **10 grams** of silver went up by **Rs22**, reaching **Rs4,417**.
Market analysts attribute the rise to heightened global demand and fluctuations in the U.S. dollar index, which tend to influence gold’s value. Traders say local investors are increasingly viewing gold as a safe investment hedge against inflation and currency depreciation.
With both global and domestic factors driving prices higher, experts anticipate continued volatility in the precious metals market in the coming days.
