Gold prices continued their sharp upward momentum on Wednesday, touching historic highs in both international and domestic markets as investors sought safe-haven assets amid ongoing global uncertainty.
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In the international bullion market, gold surged by $43 per ounce to reach a record $4,638 per ounce, driven by strong demand and persistent concerns over economic stability and inflation.
The rally was mirrored in Pakistan’s local market, where the price of gold per tola jumped by Rs4,300 to an all-time high of Rs486,162. Likewise, the price of 10 grams of gold rose by Rs3,687 to Rs416,805, reflecting sustained bullish sentiment.
Silver prices also registered notable gains. Per tola silver increased by Rs500 to reach Rs9,575, while the price of 10 grams climbed by Rs429 to Rs8,209.
Market experts say the continued rise in precious metal prices is largely due to global economic uncertainty, inflationary pressures, and growing investor preference for gold and silver as safe-haven investments.
