Gold prices have once again increased in both global and local markets, continuing the recent upward trend. In Pakistan, the price of 24-carat gold rose by Rs. 1,300 per tola, bringing the new rate to Rs. 423,862. Similarly, the price for 10 grams of gold climbed by Rs. 1,115, reaching Rs. 363,393.
In the international market, gold also showed a positive movement, gaining $13 per ounce to trade at $4,015. This rise reflects the growing demand for gold as investors look for safe options amid global economic uncertainty.
The price of silver also increased, moving up by Rs. 25 per tola, following gold’s upward direction. Experts say that both gold and silver prices are being affected by global market fluctuations, the strength of the US dollar, and geopolitical tensions that often push investors toward precious metals as secure investments.
Analysts believe that the recent increase in gold prices could continue if economic challenges and inflation concerns persist worldwide. Many people in Pakistan buy gold not only for jewelry but also as a form of long-term savings and investment, so these price changes can significantly impact local buyers and traders.
With gold prices reaching record highs, experts advise investors and consumers to stay alert to further market movements and plan their purchases carefully in the coming weeks.
