Gold price continued their unstoppable rise on Wednesday as gold prices soared to a record high, crossing Rs 520,000 per tola for the first time in Pakistan’s history. Today 1 tola gold price in Pakistan is Rs 521,162. The sharp increase stunned investors and buyers alike, reflecting strong global trends and growing economic uncertainty.
The precious metal’s rally highlights gold’s status as a safe-haven asset during periods of financial instability.
Global Gold Prices Push Local Rates Higher
In the international bullion market, gold prices surged dramatically. The price of gold jumped by $65 per ounce, reaching a new all-time high of $4,988 per ounce. This global spike played a key role in pushing domestic prices to unprecedented levels.
As global investors moved toward gold to hedge against inflation and currency risks, international demand strengthened further. This is creating upward pressure across markets.
Gold Prices Today Cross Rs 520,000 Per Tola
After the global increased, local gold prices increased sharply. In Pakistan, the price of 24K gold increased by Rs 6500 per tola, and the current gold price is Rs 521,162per tola.
Similarly, the price of 10 grams of gold is 446,812 after an increase of 5,573. Traders reported that buying interest is strong, particularly from investors who want to protect their savings due to various reasons, such as economic uncertainty.
Read more: https://www.pediastan.com/articles/psx-gold-prices-in-pakistan-at-historic-highs/
Silver Prices Also Hit Record Levels
Alongside gold, silver prices also increased. The price of silver jumped by Rs 526 per tola, reaching Rs 10,801 for the first time. This rise further giving indication for the strong demand for precious metals in both global and local markets.
Conclusion: Gold’s Rally Signals Market Uncertainty
Overall, as gold prices increased to record highs, analysts keep on expecting volatility to persist in the coming days. As there is global uncertainty and reducing paper currency value, gold may remain a preferred choice for investors seeking stability.