Gold prices in Pakistan sees sudden rise, shocking both consumers and investors
According to the Karachi Sarafa Bazaar, the price of one tola of gold increased by Rs 6,600, pushing the new rate to Rs 356,000 — a record high.
10-Gram Gold Price Also Hits Record:
The price of 10 grams of gold rose by Rs 5,658, bringing the latest rate to Rs 305,898. This marks another all-time high in the local gold market.
Gold Prices Surge Globally Too:
A sharp increase was also recorded in the international market, where the price of gold per ounce jumped by $66, reaching $3,348.
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Experts Explain the Price Hike:
Experts attribute this surge to global economic uncertainty, rising inflation, and currency pressure. In Pakistan, the devaluation of the rupee is also playing a key role in driving prices up.
Caution for Investors:
Analysts warn that this trend may continue in the coming days. They advise investors to proceed with caution while making decisions in the current volatile market.
