Gold prices in Pakistan witnessed a sharp increase, rising by Rs 3,000 per tola to reach Rs 536,562. The surge follows a $30 uptick in the international market, pushing the price of gold to $5,143 per ounce.
Analysts attribute the rise to a combination of global market trends and investor demand, with safe-haven buying intensifying amid economic uncertainties. Traders and jewelers in major cities reported increased activity as consumers look to hedge against currency fluctuations and inflation.
Market watchers suggest that gold may continue its upward trajectory if global demand remains strong and geopolitical or economic concerns persist.
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