The price of gold in Pakistan had an unparalleled leap, rising by Rs2500 to reach Rs275,500 per tola for the first time in the history of the country.
In the local markets on Tuesday, the price of gold surged by Rs. 2,500 per tola, setting a new record.
Similarly, 10 grams of gold now cost Rs. 236,197, an increase of Rs. 2,144. This sharp increase is consistent with a global trend in which the price of gold increased by $25, establishing a new high of $2,653 per ounce.
Market observers blame a number of variables, including as inflation, worry about the state of the world economy, and a declining value of the Pakistani rupee, for this large increase. The demand for gold is increasing as investors look for safe-haven assets, pushing prices to all-time highs.
