On August 2, 2025, gold prices surged significantly in the international bullion market, rising by $61 per ounce to a record $3,363 per ounce. The sharp increase reflects investor concerns over a weakening US dollar and fears of a global economic slowdown, driving demand for the precious metal as a safe-haven asset.
Internationally, gold jumped by $61 per ounce, reaching a record high of $3,363 per ounce. This surge highlights growing concerns over the weakening US dollar and fears of a global economic slowdown, driving investors to seek safe-haven assets like gold.
Read: Pakistani Rupee Gains Slightly Against US Dollar in Interbank Market
Pakistan’s domestic market mirrored this trend, with the price of gold rising significantly by Rs6,100 per tola to close at Rs359,000. The rate for 10 grams also increased by Rs5,229, settling at Rs307,784.
On Friday, the domestic gold price had briefly dropped by Rs100 per tola, settling at Rs352,900, before rebounding decisively on Saturday. Silver prices also improved, gaining Rs53 per tola to close at Rs3,953, signalling broader gains in the precious metals market.
Market analysts advise investors to watch these trends closely as economic uncertainties continue to influence commodity prices worldwide.
