Gold prices surge by Rs21,100 per tola, hitting record highs in Pakistan and global markets
Business
Gold and silver prices hit historic highs in Pakistan and global markets, with gold jumping Rs21,100 per tola amid rising investor demand and global economic uncertainty.
KARACHI (Dunya News) — Gold and silver prices surged to historic levels on Wednesday, marking an unprecedented milestone in both local and international markets.
In Pakistan, the price of 24-karat gold jumped by a record Rs21,100 per tola, reaching an all-time high of Rs551,662. The price of 10 grams of gold also rose sharply by Rs18,090, climbing to a new peak of Rs472,961.
Silver prices followed a similar upward trend, with 24-karat silver increasing by Rs271 per tola to reach a record Rs11,911 across the country.
On the international market, precious metals also set new benchmarks. The price of gold surged by $211 per ounce, hitting a historic high of $5,293, while silver rose by $2.71 per ounce to reach $114.36.
Analysts attributed the sharp rise to global economic uncertainty, strong investor demand for safe-haven assets, and currency market volatility.
25-Word Summary:
