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Gold, oil and the Pakistani saver
Gold is about 25% below its January record and has more than doubled over the last three years. Both are true at once, and the gap between them is the most useful thing a saver can hold on to. Where the price actually is Internationally, gold traded near $4,180 an ounce this week, or about Rs432,000 per tola in Pakistan against Rs572,862 at the January peak. The year behind that matters more. Gold began 2026 near $4,330, ran hard through January on the Iran conflict and a weak dollar, and set an all time high of $5,589 dollars on January 28. It has ground lower since. The fall from the peak is...
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