Gold prices have reached record highs in both international and local markets following recent increases.

In the global bullion market, the price of gold rose by $11 per ounce, hitting a new peak of $2,737.

Consequently, local jewelry markets reflected this trend, with the price of 24-carat gold per tola climbing by Rs1,100 to a record Rs283,400, up from Rs282,300 on the previous trading day.

Additionally, the price of gold per 10 grams surged by Rs943, reaching an all-time high of Rs242,970.

In contrast, silver prices remained stable, with the per tola rate steady at Rs3,150 and the 10-gram rate at Rs2,700.62.

Market analysts attribute the surge in gold prices to several factors, including rising tensions in the Middle East, uncertainties surrounding the upcoming U.S. elections, and a shift toward more accommodating monetary policies. As a result, investors are increasingly viewing gold as a safe-haven asset amidst global economic uncertainty, driving demand and prices to unprecedented levels.

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Gold prices reach new high in Pakistan

Gold prices reach new all-time high in Pakistan

Gold prices break new record in Pakistan