Gold prices reach record highs in int’l and domestic markets

(Web Desk): Gold prices have continued to rise in both international and domestic markets. In the international bullion market, the price of gold increased by $1 per ounce, reaching a new high of $2,904.

In Pakistan, the All Pakistan Sarafa Association reported a rise in gold prices as well. The price of gold per tola went up by Rs 100, reaching Rs 303,100, while the price of 10 grams rose by Rs 86 to reach Rs 259,859.

The surge in gold prices on Tuesday was driven by increased demand for safe-haven assets after US President Donald Trump announced new tariffs on steel and aluminum imports, raising fears of a potential global trade war. Spot gold hit a peak of $2,942.70 per ounce during Asian trading hours before easing to $2,909.49 by 0916 GMT.

This marked the eighth record high for gold in 2025, bringing the $3,000 per ounce milestone closer.

Meanwhile, other metals such as silver, platinum, and palladium saw slight declines. Spot silver dropped by 0.8% to $31.77 per ounce, while platinum fell by 0.9% to $985.20, and palladium dropped by 1.4% to $969.25.