Gold prices reached an all-time high in both international and Pakistani markets on Friday. According to market data, the international gold price climbed by $14 per ounce, reaching $4,358 per ounce the highest level ever recorded.
In Pakistan, the price of 24-karat gold surged by Rs14,100 per tola within a single day, taking the new rate to a historic Rs459,900 per tola.
Similarly, the price of ten grams of gold rose by Rs12,089, now standing at Rs391,718.
Silver prices also moved upward, with the price of one tola increasing by Rs167 to reach Rs5,504.
Market analysts attribute the sharp increase to global economic uncertainty and growing investor preference for safe-haven assets like gold.