Gold Prices in Pakistan Cross Rs 4 Lakh Mark for the First Time
Gold prices in Pakistan witnessed a historic surge on Monday, as the per tola rate crossed the Rs 400,000 milestone for the first time.
According to market data, the price of gold per tola jumped by Rs 5,900, reaching Rs 403,600. Similarly, the rate for 10 grams of gold climbed by Rs 5,058, bringing it to Rs 346,021.
Market Impact
Analysts and jewelers attribute the sharp rise to ongoing economic uncertainty in both local and global markets. The surge has weakened retail demand, while investors continue to view gold as a secure hedge against volatility.
In Pakistan, gold prices remain closely tied to international bullion trends and currency fluctuations. Shifts in the global market or a decline in the Pakistani rupee almost instantly translate into changes in domestic gold rates.
