KARACHI – Gold prices in Pakistan soared to new heights on Thursday, following a significant increase in the local market driven by rising international prices.

Reports indicate that the per tola gold price surged by Rs 4,600, reaching an all-time high of Rs 254,000. Similarly, the price of 10-gram gold rose by Rs 3,944, settling at Rs 217,764.

On the international front, gold prices saw a substantial gain of $60, climbing to $2,470 per ounce. Dealers attribute this sharp increase in gold prices to the anticipated interest rate cut by the US Central Bank and the rising popularity of Donald Trump ahead of the elections.

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This surge in gold prices reflects both global economic trends and local market responses, highlighting the interconnected nature of international and domestic financial landscapes.

Gold Rates in Pakistan on July 18