Gold Prices Soar in Global and Local Markets Amid Economic Uncertainty

Gold prices have surged both globally and in Pakistan due to growing investor demand for safe-haven assets. In Pakistan, the price of 24-karat gold rose by Rs 1,100 to Rs 358,100 per tola, while 10-gram gold reached Rs 307,013. Internationally, gold prices climbed by $11 to $3,356 per ounce. Silver also witnessed upward movement, increasing by Rs 85 per tola locally and nearly 4% globally. The trend reflects market anxiety driven by geopolitical tensions and economic instability, prompting central banks and investors to turn to gold as a reliable store of value.

Gold in Pakistan closed at Rs 358,100/tola after a Rs 1,100 rise; 10‑gram gold hit Rs 307,013. Global bullion jumped $11/oz to $3,356. Silver also climbed. Surging prices reflect safe-haven demand amid geopolitical tensions, tariff wars, and robust central bank gold purchases, reinforcing gold’s volatility and hedge appeal.
gold, economy, precious-metals

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