Gold Prices Hit New Highs in Global and Local Markets

Gold prices have once again surged sharply, setting a fresh record in both international and local markets. After a brief period of decline in recent days, precious metals are back on an upward trend, drawing renewed investor attention.

International Market Update

In the global market, gold jumped by $148, reaching around $5,064 per ounce. Earlier, prices had also climbed by $137, touching nearly $4,814 per ounce. Spot gold recorded a 2.2% increase, while US gold futures rose by about 3%, indicating strong buying activity.

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Local Market Prices

Following the global trend, local bullion markets also saw a significant rise:

• One tola gold increased by Rs 14,800, reaching about Rs 529,162
• 10 grams gold rose by Rs 12,689, reaching approximately Rs 453,671
• One tola silver increased by Rs 109, reaching around Rs 9,255

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Recent Volatility

Just days ago, gold had dropped sharply, with global prices falling by around $825 over three days. In Pakistan, per tola gold had declined by nearly Rs 82,500. The current rebound shows how volatile the precious metals market remains.

Why Prices Are Rising Again

Market experts link the rise to:

• Investor demand for safe-haven assets
• Currency movements
• Economic uncertainty
• Interest rate expectations

Gold often gains strength when financial markets experience instability.

Outlook for Investors

Analysts expect continued volatility. Buyers and investors are advised to monitor global trends closely before making major decisions.

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