KARACHI (Web Desk) — Gold prices have hit an all-time high in both global and local markets as the upward trend shows no signs of slowing down.
In the international bullion market, the price of gold jumped by $55 per ounce, reaching a new peak of $4,071, marking one of the sharpest single-day increases in recent months.
Following the global surge, domestic gold prices in Pakistan also shot up sharply, with the per tola rate climbing by Rs5,500 to a record Rs428,200.
Similarly, the price of 10 grams of gold went up by Rs4,715, touching a new high of Rs367,112.
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Market analysts say the rise is driven by global uncertainty, higher demand for safe-haven assets, and continued pressure on major currencies.
Many expect prices to stay on the boil if international economic instability persists.