Gold prices in Pakistan soared to a new high on Thursday, following a strong upward trend in the international market.
According to the Sarafa Association, the current 24K gold price per tola has reached Rs311,350, while the price per 10 grams stands at Rs266,940.
Meanwhile, in the global market, gold prices also climbed sharply, with the per ounce rate increasing by $27 to settle at $2,942.
Economic uncertainty paired with increased international demand for gold is the reasoning market experts provided for why this price surge occurred. This trend seems to have momentum headed into the following days.