KARACHI: Gold in Pakistan has reached a new high after the increase in gold prices in the global market on Wednesday and the stabilisation of the dollar in the local market.
According to the All Pakistan Gold Sales Association, the price of gold per tola increased by Rs 8,400, after which the price of gold per tola has become Rs 425,178 for the first time in the country’s history.
Similarly, 10 grams of gold became more expensive by Rs 7,202 and its price has reached to Rs 364,521.
In the International market, Gold’s historic rally continued on Wednesday, crossing the $4,000 per ounce mark for the first time in history as investors turned to the safe haven amid growing geopolitical tensions and expectations of further US interest rate cuts.
Spot gold prices rose 1.2% to $4,032.46 per ounce by 0653 GMT, while US gold futures for December delivery gained 1.3% to $4,054.80 per ounce.
Long considered a reliable store of value during uncertain times, gold has emerged as one of 2025’s best-performing assets, gaining 53% so far this year after a 27% rise in 2024.
