Gold Hits Rs400,000 per Tola in Pakistan
Gold Hits Historic High of Rs400,000 per Tola in Pakistan
Karachi: Gold prices in Pakistan surged to record levels on Monday, with domestic rates crossing the Rs400,000 mark per tola for the first time in history, according to the All Pakistan Sarafa Gems and Jewellers Association.
The price of 24-karat gold jumped by Rs5,900 per tola, reaching Rs403,600, up from Rs397,700 the previous day. For 10 grams of 24-karat gold, the rate climbed by Rs5,059 to Rs346,022 from Rs340,963.
The international market mirrored this upward trend, with gold rising by $59 to $3,818 per ounce from $3,759.
Silver prices also edged higher, with a Rs88 increase per tola, reaching Rs4,792, while 10 grams rose by Rs76 to Rs4,108. On the global front, silver rose by $0.88 to $46.93 per ounce from $46.05.
Gold Remains a Safe-Haven Asset
Gold continues to be a preferred safe-haven investment, especially during times of inflation, economic uncertainty, and geopolitical tension. Known as both a store of value and a hedge against volatility, it remains a key choice for investors seeking stability.
The rise of digital finance—including gold-backed Exchange-Traded Funds (ETFs), mobile investment apps, and other fintech innovations—has made gold more accessible to retail investors. These platforms, especially popular in regions like the Gulf, allow individuals to invest in gold markets that were once dominated by large institutions.
Investment Trends in Pakistan
In Pakistan, where the rupee is under pressure and economic uncertainty persists, gold continues to be a vital tool for wealth preservation. Amid growing market volatility, tangible assets like gold are increasingly seen as secure and reliable investments, maintaining their relevance in both traditional and modern financial strategies.
Mutib Khalid is a skilled content writer and digital marketer with a knack for crafting compelling narratives and optimizing digital strategies. Excel in creating engaging content that drives results and enhances online presence. Passionate about blending creativity with data-driven approaches, Mutib Khalid helps brands connect with their audience and achieve their goals.
