Gold jumps Rs10,000 per tola in Pakistan as global prices rally
Gold prices in Pakistan have surged significantly, reaching record highs following a global rally in bullion rates. The increase is attributed to international market optimism and a $100 per ounce rise in global gold prices.
Why it matters
Rising gold prices impact local inflation and consumer purchasing power in Pakistan, reflecting broader global economic volatility.
Gold prices posted a significant rally in both the local and international markets, with optimism over potential negotiations between Iran and the United States boosting investor sentiment.
In Pakistan, the price of 24-karat gold surged by Rs10,000 per tola to reach Rs437,936. The rate for 10 grams of 24-karat gold also climbed by Rs8,573, settling at Rs375,459.
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