Gold Prices Makes Record
Gold price in Pakistan have hit a historic high, rising for the fifth day in a row, driven by both local and global market factors.
Per Tola Price Hits Rs.367,400
According to recent data, the price of gold per tola has jumped by Rs3,600, reaching an unprecedented Rs367,400. Similarly, the price of 10 grams of gold increased by Rs3,172, now standing at Rs314,986.
Global Gold Market Sees High Gain
On the international front, gold also saw a sharp rise, gaining $36 per ounce and reaching $3,447 — one of the highest levels seen in recent times. Experts link the global price surge to ongoing economic uncertainty, currency fluctuations, and growing investor interest in gold as a safe-haven asset.
This spike comes as Gold price in pakistan face high inflation and a volatile currency exchange rate. Jewelers report that everyday consumer demand has slowed due to the soaring prices, though gold remains a favored option for investors looking to protect their wealth against inflation.
Possible Relief Ahead In Fuel Prices
In contrast to rising gold prices, there may be some good news in the fuel sector. Reports suggest that petrol and diesel prices could drop starting September 1. Economists believe that a reduction in fuel costs may offer some short-term relief for households and businesses. However, the surge in gold prices reflects deeper concerns about the country’s economic stability and financial outlook.