Global and local gold prices surged to record-breaking levels on Fridayday, driven by escalating tariff tensions between the United States and China, reported 24HD News Channel.
According to the All Pakistan Sarafa Association, price of 24-karat gold per tola in Pakistan market increased by Rs10,000, reaching an all-time high of Rs338,800. Meanwhile, the price of 10 grams of gold rose by Rs8,573 to Rs290,466.
On the international front, gold hit a historic milestone, with the price per ounce rising by $100 to reach $3,218 — the highest ever recorded in global trading.
Gold prices have been on a consistent upward trajectory since the start of the year, largely due to global economic uncertainty, inflation fears, and ongoing geopolitical tensions.