Gold Prices Hit Record High in Pakistan

Gold prices in Pakistan soared to new heights on Monday, reflecting a sharp rise in the international market. The price of gold jumped by Rs1,700 per tola, setting a new record of Rs268,000, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price for 10 grams of gold also surged by Rs1,458, reaching Rs229,767.

This latest hike follows Saturday’s Rs400 increase when gold first hit a record high of Rs266,300 per tola.

Globally, gold prices also saw a substantial increase, with the international rate climbing to $2,587 per ounce, up by $10 for the day, including a $20 premium.

Meanwhile, silver prices remained stable at Rs2,950 per tola in the local market.

The continuous rise in gold prices is being driven by global economic uncertainty and inflationary