Gold Price Hits Record High in Pakistan Due to Global Tensions
Karachi – Gold prices in Pakistan have reached a new record of Rs. 363,700 per tola, mainly because of global economic uncertainty and rising political tensions.
In the international market, gold went above $3,500 per ounce for the first time. Although the price dropped slightly later, it’s still at a very high level.
🌍 Why Are Gold Prices Rising?
According to Bloomberg, gold prices jumped after reports said that former U.S. President Donald Trump might remove Federal Reserve Chairman Jerome Powell. This news worried investors, and many moved their money from stocks and dollars to safer options like gold, the Japanese yen, and the Swiss franc.
📈 What Happened in Pakistan?
Due to this global trend, gold prices in Pakistan also increased. On Tuesday, the price grow up by Rs. 5,900 in one day. 10 grams gold price is now Rs. 311,814, as per the All Pakistan Gems and Jewellers Association.
Just one day before, gold had already increased by Rs. 8,100, hitting Rs. 357,800 per tola.
📊 91,000 Rupees Increase in 2025
Since the start of this year, gold prices have gone up by Rs. 91,100 per tola in Pakistan. December 30, 2024, gold priced was at Rs. 272,600. That’s a 33% increase in just a few months.
💬 What Experts Say
Analyst Li Liang Le says that people are starting to lose trust in the U.S. economy. He explains that what used to be called a “Trump trade” is now more like “moving money away from America.”
🔮 What Could Happen Next?
According to Goldman Sachs and other global banks, if the current situation continues, gold prices might reach $4,000 per ounce by mid-2026. While many see gold as the safest investment, some experts believe there could be small price drops too.
🇨🇳 Gold Boom in China
Shares of Zijin Mining Group, a big Chinese gold company, went up by 6% in the Hong Kong stock market, showing that more investors are interested in gold.