Gold prices in Pakistan surged to a new record high on Wednesday, driven by turmoil in the Middle East.
The price of 24-carat gold rose by Rs2,200 per tola and Rs1,887 per 10 grams, reaching Rs251,900 and Rs215,964, respectively.
Additionally, the price of 22-karat gold surged to Rs197,967 for 10 grams.
Internationally, the price of gold saw a $21 increase, bringing the new rate to $2,388 per ounce.
Gold Rates in Pakistan on April 17
| Gold Type | Increase per Tola | Increase per 10 grams | New Rate per Tola | New Rate per 10 grams |
| 24-Karat | Rs2,200 | Rs1,887 | Rs251,900 | Rs215,964 |
Gold prices likely to go up to $3,000 an ounce: report
Analysts suggest that gold prices could reach $3,000 per ounce amid increased investment in bullion-backed exchange-traded funds.
