Pakistani Gold Prices Hit Record High as Market Remains Bullish

Gold prices in Pakistan have continued their upward trajectory, reaching a record high of Rs483,036 per tola on Friday. This marks a strong rally for the precious metal, with prices remaining close to recent levels.

The domestic gold market has been driven by strong demand from buyers and investors, who are attracted to gold's perceived value as a safe-haven asset in uncertain global financial markets. International bullion prices and currency fluctuations also play a significant role in determining local rates.

In Lahore, 24K gold is trading at approximately Rs486,536- Rs486,550 per tola, while lower-purity gold remains relatively lower priced. The recent rally has brought gold closer to the psychological level of Rs500,000 per tola, although further movement will depend on international and local market factors.