Gold prices reach record highs in Pakistan

Gold rates in Pakistan continued their record run on Monday (February 10, 2025) following the pattern of world gold prices. According to Sarafa Jewellers Association, the prices for 24 karat per tola increased by Rs4000, reaching Rs303,000, up from Rs2,99,000 in the previous trading day The price of 10 grams of 24-karat gold increased by Rs3,143, reaching Rs259,773, up from the previous Rs256,630. Meanwhile, gold prices in the international market surged over 1% on Monday, hitting a record high amid rising safe-haven demand. The spike followed concerns over a potential global trade war after U.S. President Donald Trump announced new tariff measures. As of 1153 GMT, spot gold had risen 1.5% to $2,903.19 per ounce, after reaching an all-time high of $2,905.98 earlier in the session—marking its seventh record high this year.