Gold has become more expensive in Pakistan as prices continue to climb in markets around the world. The latest increase shows that 24-carat gold now costs Rs. 423,862 per tola, which is Rs. 1,300 more than before.
For those buying smaller amounts, the price of 10 grams of gold has also gone up by Rs. 1,115. It now stands at Rs. 363,393. These price changes affect jewelers, buyers, and anyone planning to purchase gold for weddings or investments.
The price increase is not limited to Pakistan alone. On the international market, gold prices rose by $13 per ounce, bringing the global rate to $4,015. This shows that gold is becoming more valuable worldwide, not just locally.
Silver prices have also moved upward, though not as dramatically. Silver increased by Rs. 25 per tola, following gold’s upward trend.
Market experts say these price rises are happening for specific reasons. When the global economy faces uncertainty, investors often turn to gold because they see it as a safe investment. Unlike currency or stocks that can lose value quickly, gold tends to hold its worth over time.
Changes in international markets, currency exchange rates, and increasing demand from investors all contribute to these fluctuations. When more people want to buy gold as a protective measure for their money, prices naturally go up.
For ordinary consumers in Pakistan, these rising prices mean that buying gold jewelry or investing in gold bullion has become more expensive. Many people may need to reconsider their budget if they’re planning major purchases involving gold.
