Gold prices in Pakistan surged to a historic high today, reaching Rs363,000 per tola, driven by robust global demand and economic uncertainty. This marks the second consecutive day of gains, with prices rising by Rs1,500 since yesterday. The rate for 10 grams of gold climbed to Rs311,213, up by Rs1,206 in the local market .

Rising Trend Mirroring Global Market

This price bump follows an international rally, where gold surged to $3,432 per ounce, fueled by inflation concerns and safe-haven buying. Over the past week, local rates climbed from Rs352,900 on June 11 to today’s record — a cumulative rise of Rs10,100

Drivers Behind the Surge

• Global economic instability and persistent inflation continue to drive investors toward gold.
• A weaker US dollar and geopolitical uncertainty have contributed to higher bullion prices internationally.
• Domestic currency fluctuations also played a role in pushing local gold values upward.

Silver Market Movements

Silver prices saw a modest gain, rising by Rs7 per tola to settle at Rs3,787, reflecting a cautious uptrend in precious metals

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