Save Our Pak
Gold prices continued to rise in Pakistan today, leaving many buyers worried because of another major increase in rates.
According to the local gold market association, the price of one tola of gold increased by 4,100 rupees. After this jump, the new price reached 492,462 rupees per tola.
The price of 10 grams of gold also went up by 3,515 rupees and is now being sold for 422,206 rupees.
In the international market, gold became 41 dollars more expensive and reached 4,701 dollars per ounce. Along with gold, silver prices also showed an upward trend. The price of one tola of silver increased by 395 rupees and reached 8,908 rupees.
Experts say that global economic uncertainty and growing interest in safe investments are the main reasons behind the continuous rise in gold prices. Because of this trend, local markets in Pakistan are also being affected.
Gold has always been considered a safe investment, especially during times of inflation, political tension, and economic instability. For centuries, people have used gold as a symbol of wealth and financial security. Whenever investors feel uncertain about other markets, they often turn toward gold.
Last year, Pakistan also changed the method used for setting gold prices. Under the new system, local gold prices are fixed 20 dollars per ounce higher than the international market rate.
Reported by Save Our pak
