KARACHI – Gold prices jumped to near record-breaking levels, with global and Pakistani markets witnessing sharp upward movement.
On Monday, price of 24-carat gold in Pakistan remained at Rs367,400 while price of 10 grams rose by Rs3,172 to reach Rs314,986. The rates remained uniform across major cities including Karachi, Lahore, Islamabad, Peshawar, and Quetta.
Today Gold Price
City | Gold per tola |
Karachi | Rs367,400 |
Lahore | Rs367,400 |
Islamabad | Rs367,400 |
Peshawar | Rs367,400 |
Quetta | Rs367,400 |
In the international market, bullion gained $36 per ounce, climbing to $3,447, the highest level ever recorded. Last week, spot gold touched $3,443.19 per ounce, its strongest since mid-July. Overall, gold prices registered a 4.7% increase for August.
Market analysts attribute the historic surge to continued global economic uncertainties, driving investors toward safe-haven assets.