Gold prices have reached an all-time high both globally and locally, reflecting a sustained upward trend driven by rising demand and economic uncertainty. Analysts say investors are increasingly turning to gold as a safe-haven asset amid volatile financial conditions.
In the international bullion market, the price of gold per ounce surged by $19, reaching a record level of $4,217. Experts suggest that the continued upward movement is a direct result of strong investment demand and geopolitical uncertainties.
This global rise immediately impacted the domestic market, where the price of gold per tola jumped by Rs 1,900, taking it to a record Rs 442,800. The sharp increase has further intensified pressure on local consumers and jewelry businesses.
Similarly, the price of 10 grams of gold increased by Rs 1,629, pushing it to Rs 379,629. Gold traders believe that if the international bullish trend continues, domestic prices are likely to rise even further in the coming days.
