Gold Price Surge Near Record as Global Market Jumps Again

Gold price surge continues in the global market as rates rise sharply again today. Prices move close to record highs and worry buyers worldwide.

Gold prices show a strong upward trend in international trading. The price of gold per ounce approaches the record level of $5,600. Just a day earlier, the price stood at $5,293 per ounce.

Experts link this rise to global geopolitical tensions. Economic uncertainty also plays a major role. Investors now rush toward gold as a safe investment option.

Due to this global increase, gold prices in Pakistan may also rise sharply today. Analysts expect the price per tola to cross Rs. 590,000.

Read Also: Gold Price Hits Record High Amid Global Political Uncertainty

Gold rates already saw a big jump in one day. The price per tola crossed Rs. 550,000, setting a new record in the country.

Silver prices also climb to historic highs at both national and global levels. In the international market, silver trades near $120 per ounce today.

Yesterday, Pakistan recorded an increase of more than Rs. 21,000 per tola for the first time. After the jump, the price reached a record Rs. 551,961.

Market watchers say investors continue to choose precious metals during unstable times. If tensions and economic risks remain, the gold price surge may continue in the coming days.