Save Our Pak
Karachi: Gold prices in Pakistan have jumped once again, and now the price of 1 tola gold has crossed Rs. 362,000.
According to details, there has been a major increase in both the global and local gold markets. Now, the price of 1 tola gold has reached Rs. 362,200.
The Jewellers Association said that on Wednesday, gold became Rs. 2,900 more expensive per tola, while the price of 10 grams of gold also rose by Rs. 2,487, reaching Rs. 310,528.
Gold prices also went up in the international market, where the price per ounce increased by $29, reaching $3,395.
Experts say this price hike is due to many reasons, like rising global inflation, tensions between countries, and the changing value of the Pakistani Rupee.
It’s important to know that gold has always been seen as a safe investment. Its price usually goes up during times of inflation, political issues, or economic problems.
Gold has been used as a form of money and wealth for centuries. When investors feel unsure about other options, they often choose to buy gold.
Last year, the way Pakistan sets gold prices was changed. Now, the local gold price is set $20 per ounce higher than the international market rate.
Reported by Save Our Pak
