Gold prices in Pakistan soared to an all-time high on Wednesday, breaking the Rs500,000 per tola barrier for the first time in history as global markets turned volatile and investors sought safer assets.
According to market data, the price of gold increased by Rs12,700, pushing it to Rs506,362 per tola, while the 10-gram gold rate rose to Rs444,123.
This sharp rise mirrors international trends as precious metals hit record levels. In global trade, gold climbed to around $4,888.41 per ounce, and silver also surged past previous highs, underlining strong demand for safe-haven assets amid uncertainty.
Industry experts point to renewed geopolitical tensions — especially concerns linked to potential U.S.–Europe trade disputes — as key factors driving investors toward gold. The ongoing security and diplomatic frictions have amplified fears in financial markets, prompting a steep rally in bullion prices.
Analysts also note that central bank purchases remain robust, with major economies continuing to accumulate gold reserves even at record prices — a trend that has supported the metal’s appeal beyond short-term market movements.
Local equities showed mixed performance this week, while global stock markets suffered sharp pullbacks as investors rebalanced portfolios toward safer assets.