Gold Prices Hit All-Time High in Global and Local Markets

KARACHI: Gold prices soared to record highs both internationally and in Pakistan, driven by global economic uncertainty, U.S. monetary policy shifts, and rising demand.

In the **international bullion market**, the price of gold surged by **\$51 per ounce**, reaching a historic peak of **\$3,770 per ounce**. Analysts attribute the rally to the U.S. tariff policy, the Federal Reserve’s recent interest rate cuts, and measures by the U.S. Treasury to safeguard gold reserves, making gold the most secure investment amid global uncertainty.

Following the international surge, Pakistan’s **local bullion markets** also recorded unprecedented highs. The price of **24-karat gold** rose by **Rs5,100 per tola**, setting a new record at **Rs398,800 per tola**. Similarly, the price of **10 grams of gold** increased by **Rs4,372**, reaching **Rs341,906**.

Meanwhile, **silver prices** also jumped, with **per tola silver** gaining **Rs42** to **Rs4,637**, and **10 grams silver** rising by **Rs36** to **Rs3,975**.

Experts note that central banks in several countries are increasingly stockpiling gold instead of foreign currency reserves, while the weakening U.S. dollar and soaring demand from India ahead of Diwali have further fueled the price hike.

The persistent upward trend in global demand and prices continues to impact Pakistan’s bullion market, pushing both gold and silver to **new historic highs**.