Tariff War Pushes Gold Prices to Historic Highs

Karachi: The ongoing tariff war between the United States and China has created uncertainty among investors, resulting in a dramatic surge in gold prices, which have reached their highest level in history.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of gold per tola in the local market has risen sharply by 7,800 Pakistani rupees, reaching 328,800 rupees. Meanwhile, the price of 10 grams of gold has increased by 6,688 rupees, reaching 281,893 rupees.
On the global front, gold prices have surged by 78 dollars per ounce, touching a record high of 3,118 dollars per ounce.
Economic experts suggest that due to the trade tensions between the U.S. and China, investors are increasingly turning to gold as a safer investment compared to the dollar and stock markets. This shift is driving the rapid rise in gold prices.
In the current scenario, gold is once again becoming the preferred choice for global investors. If the trade disputes continue, experts predict that gold prices may increase further, which will not only affect the global economy but also have a significant impact on the local market.