Gold prices surged on Tuesday, with international markets gaining $8 per ounce to $3,385 and Pakistan’s 24-karat gold per tola rising Rs800 to Rs356,900.
According to Bloomberg, on May 7, 2025, global gold prices increased by $8 per ounce, reaching $3,385, driven by strong investor demand.
In Pakistan, the All Pakistan Sarafa Gems and Jewellers Association reported a rise of Rs800 per tola for 24-karat gold, bringing the price to Rs356,900. Additionally, the price for 10 grams rose by Rs684, reaching Rs305,984. Meanwhile, silver prices remained unchanged, with per tola priced at Rs3,482 and 10 grams at Rs2,985.
Read: Gold Prices Surge by Rs 6,100 Per Tola Pakistan
According to Reuters, analysts attribute the rally to geopolitical tensions, particularly the India-Pakistan clashes and ongoing inflation, which are driving investors to gold as a safe-haven asset. The surge, trending on X, highlights gold’s attractiveness amid uncertainty, unlike the more stable silver markets.
