KARACHI (HRNW): Gold prices in Pakistan have shattered all previous records, crossing the psychological barrier of Rs. 500,000 per tola for the first time in the country’s history. The surge follows a significant hike in international market rates.
Breakdown of Current Rates: According to the All Pakistan Sarafa Association, the price of 24-karat gold increased by Rs. 3,500 per tola, reaching an unprecedented high of Rs. 503,462. Similarly, the price for 10 grams of gold rose by Rs. 3,001, bringing the new rate to Rs. 431,637.
Silver and Global Market Trends: The silver market also witnessed an upward trend, with the price per tola increasing by Rs. 144 to settle at Rs. 8,404. This domestic spike is directly linked to the global bullion market, where gold surged by $35, trading at $4,811 per ounce.
Economic analysts suggest that the persistent volatility in global commodity prices, coupled with local economic factors, continues to drive the yellow metal to record highs, significantly impacting the purchasing power of consumers across the country.
Stand with us for the protection of human rights! Support the world’s No. 1 human rights news portal, HRNW (Human Rights News Worldwide). Our mission is to amplify the voice of the oppressed and strive for justice globally.
To support our cause and contribute, please visit: https://www.hrnww.com/?page_id=1083
