Gold Hits Record High in Pakistan, Reaches Rs308,000

Gold prices in Pakistan soared to a record high on Wednesday, reflecting a significant increase in international market rates. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola surged by Rs3,800, reaching an all-time high of Rs308,000.

Gold Price Surge: Key Highlights

• Gold per tola: Increased by Rs3,800, now at Rs308,000

• 10-gram gold: Rose by Rs3,258, now at Rs264,060

• International gold rate: Climbed $34, reaching $2,944 per ounce (including a $20 premium)

• Silver price per tola: Up by Rs90, now at Rs3,440

This latest hike follows a previous increase on Tuesday, when gold gained Rs1,000 per tola, settling at Rs304,200. The latest rise marks a historic milestone for Pakistan's gold market, which continues to follow global trends.

Why is Gold Price Increasing?

Several factors contribute to the continuous rise in gold prices:

1. International Market Influence: The increase in global gold rates is directly impacting local prices.

2. Economic Uncertainty: Investors are flocking to gold as a safe-haven asset amidst fluctuating economic conditions.

3. Inflation Concerns: Rising inflation is pushing investors to secure their wealth in commodities like gold.

Impact on the Local Gold Market

The soaring gold prices are reshaping the local market dynamics:

• Jewellers anticipate lower sales as consumers may hesitate to buy at such high rates.

• Investors view gold as a profitable asset, increasing demand despite high prices.

• The wedding season could be affected, as traditional gold buyers reconsider purchases.

Comparison with Previous Trends

Pakistan’s gold market has seen significant fluctuations over the past year:

• February 16, 2025: Gold per tola was Rs303,000.

• February 17, 2025: Increased to Rs304,200.

• February 19, 2025: Reached a record Rs308,000.

This upward trajectory indicates sustained demand and economic conditions favoring gold investment.

What’s Next for Gold Prices?

Experts suggest that gold rates may continue to rise due to:

• Potential global inflation concerns

• Stock market volatility driving investors towards safe assets

• Geopolitical tensions affecting global trade

Conclusion

With gold prices hitting Rs308,000 per tola, investors and jewellers are closely monitoring further fluctuations. Whether prices will stabilize or continue to climb remains uncertain. Stay updated on the latest gold price trends to make informed decisions.