Karachi — In a development that has sent shockwaves through financial circles and households alike, the price of gold in Pakistan has surged to its highest level in history, crossing the staggering mark of Rs 380,000 per tola.
According to figures released by the All Pakistan Sarafa Association, the price of gold jumped by Rs 6,100 on Monday, settling at Rs 384,000 per tola. Similarly, the cost of 10 grams rose by Rs 5,230, reaching Rs 329,219.
The spike mirrors trends in the international bullion market, where gold gained $61 per ounce, climbing to $3,613. Analysts link the surge to the dollar’s volatility and mounting global economic uncertainty, which continue to push investors toward safer assets.
Gold has long been considered a traditional hedge during times of inflation and instability. Traders note that with Pakistan’s economic challenges and unpredictable global markets, demand for the precious metal is unlikely to cool anytime soon.
It is worth noting that last year, Pakistan revised its pricing mechanism for gold, fixing domestic rates at $20 per ounce above international levels. This adjustment continues to influence local prices, amplifying the impact of global market swings.
For many Pakistanis, the record-breaking surge is a double-edged sword: while it boosts the value of investments in gold, it makes jewelry purchases and savings in the metal increasingly out of reach for ordinary buyers.
