ISLAMABAD: Gold prices are continuously increasing all over the world, including Pakistan.
Yesterday, the price of gold per ounce crossed the $4,100 mark for the first time in the global market.
Business Recorder has attributed the ongoing trade tensions between the US and China and a possible reduction in interest rates in the US to the increase in gold prices.
According to the report, the price of gold has increased by 202% to $4,106.48, which has also reached a level of $4,116.77 in a day.
Read more: Gold rates climb fresh new high in Pakistan – Latest rates on October 14
According to economists, if the same conditions continue, gold is likely to reach $5,000 per ounce by 2026.
This year, the price of gold has increased by 56% so far, and central banks around the world are also busy buying gold in large quantities.
The price of silver has also increased significantly in the global market, and the price of silver has also reached a high of $52.12. Gold prices in Pakistan also reached their highest level yesterday
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