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Gold prices soar to record high in Pakistan

This marks the highest price for gold since October 30, 2024

Gold prices in Pakistan reached an all-time high on Friday, reflecting a significant increase in both local and global markets.

As of January 24, 2025, the price of 24-karat gold climbed by Rs2,900 per tola to reach Rs289,600, while the price for 10 grams increased by Rs2,486 to settle at Rs248,285.

This marks the highest price for gold since October 30, 2024. 

This spike in gold prices is closely linked to a global trend where the price of gold per ounce climbed by $29 per ounce, reaching $2,772, also marking a historic peak.

Analysts attribute this rise to heightened demand for gold as a safe-haven asset amid ongoing economic uncertainties and market volatility.

Just a day prior, the gold price per tola was recorded at Rs254,900.

Meanwhile, silver prices also increased, with the price per tola rising by Rs31 to Rs3,432 and the price per 10 grams increasing by Rs27 to Rs2,942.

The surge in prices reflects the broader economic conditions influencing investor behaviour. With increasing geopolitical tensions and market instability, many investors are turning to gold as a reliable investment option.

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