ISLAMABAD: Globally and in Pakistan, gold prices continued to rise for the third consecutive day amid rising investor demand and market volatility.
According to reports, the price of gold in the international bullion market rose by $8 per ounce to a new high of $3,385 per ounce. The reason for this continuous increase is the global economic uncertainty, which has attracted investors to safe assets like gold.
Following the international trend, local gold prices also increased in Pakistan. In the local bullion market, the price of 24-karat gold per tola increased by Rs800, taking the price to Rs356,900 per tola. Similarly, the price of 10 grams of gold increased by Rs684, taking it to Rs305,984.
On the contrary, there was no change in silver prices. The price of one tola of silver remained stable at Rs 3,482 while the price of 10 grams of silver remained stable at Rs 2,985.
Analysts expect the precious metals market to remain volatile as global geopolitical tensions and inflationary pressures shape investor behavior.
