ISLAMABAD: Gold prices have reached record levels in both global and local markets, increasing investor interest in the precious metal.
In the international bullion market, the price of gold surged by $31 per ounce, reaching a new all-time high of $3,052 per ounce. This global increase had a direct impact on Pakistan’s gold market, where the price of one tola of gold rose by Rs. 3,200, setting a new record at Rs. 321,000. Similarly, the price of 10 grams of gold increased by Rs. 2,743, reaching Rs. 275,205.
Experts attribute the increase to global economic conditions, inflation and fluctuations in the value of the US dollar. As investors are looking for safe-haven assets, the demand for gold continues to increase, raising expectations of further price increases.
