Gold Price in Pakistan soared to an all-time high for the third consecutive day, reflecting a strong global rally in the precious metal market.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-carat gold surged by Rs. 3,000 per tola, reaching Rs. 280,900. Similarly, the price for 10 grams increased by Rs. 2,572, bringing it to Rs. 240,826.
This spike follows a rapid upward trend over the past few days. On Wednesday, gold prices shot up by Rs. 2,200 per tola, setting a then-record at Rs. 277,200. The following day, Thursday, saw another rise of Rs. 700 per tola, pushing the price to Rs. 277,900, marking yet another all-time high.
Globally, gold prices have been on an unprecedented rise. The international market saw gold surpass the $2,700 per ounce level for the first time in history. By 0933 GMT, spot gold had climbed 0.7 percent, reaching $2,711.75 per ounce. US gold futures followed suit, also gaining 0.7 percent to hit $2,726.90.
This consistent upward momentum in both local and global markets indicates strong investor demand for gold amid economic uncertainty and market volatility worldwide.
