KARACHI (Dunya News) - Gold prices continued their sharp upward trend on Wednesday, reaching historic highs in both international and domestic markets.
In the international bullion market, the price of gold jumped by $43 per ounce, pushing it to a record level of $4,638 per ounce amid strong global demand and market uncertainty.
Following the surge in global prices, gold rates in Pakistan also witnessed a significant increase. The price of per tola gold rose by Rs4,300, reaching an all-time high of Rs486,162.
Similarly, the price of 10 grams of gold increased by Rs3,687, climbing to Rs416,805, reflecting continued bullish sentiment in the precious metals market.
Silver prices also moved upward. The price of per tola silver increased by Rs500, hitting a new high of Rs9,575, while the price of 10 grams of silver rose by Rs429 to Rs8,209.
Market analysts attribute the ongoing rise in precious metal prices to global economic uncertainty, inflationary pressures, and increased investor demand for safe-haven assets.