ISLAMABAD: According to experts, this price has reached the highest level in the last two weeks. An increase of about 0.4% has been recorded in the price of gold per ounce. Today, the price of gold per ounce was $ 4723, which later reached $ 4685.
The reason for the increase in prices in the global market is being attributed to the slight decrease in the value of the US dollar and President Trump’s statements about ending the war.
Experts say that when the value of the dollar decreases, it becomes easier for people holding other currencies to buy gold. As a result, the demand for gold increases and prices increase.
There is a possibility of an increase in gold prices in Pakistan due to the effects of the global market. In the month of March, the price of gold in the global market fell by more than 11%, which was the biggest decline in a month since 2008.
Investors are advised to take global market prices and currency fluctuations into account when investing in gold to avoid financial loss.
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