Gold prices skyrocketed by Rs7,800 per tola in Pakistan on Thursday, marking one of the biggest single-day increases in recent months. The surge followed a sharp rise in international markets, pushing local and global gold rates to all-time highs.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold reached Rs328,800 per tola, while the 10-gram rate climbed by Rs6,688 to Rs281,893. Internationally, gold jumped by 78perounce,settinganewrecordat3,118 per ounce.
Also read;Gold per tola jumps by Rs3,000 in Pakistan
Analysts say the sudden spike is due to growing economic uncertainty, an escalating global trade war, and weakening currencies worldwide. Investors are turning to gold as a safe-haven asset amid the volatile financial climate.
