Gold price surges in Pakistan

KARACHI: On the third day of the business week, the gold price continued to exhibit an upward trend in the local market.

According to All-Pakistan Sarafa Association, the price per tola of gold saw an increase of Rs3,100 on Wednesday.

In the local market, the increase of Rs3,100 has brought the price of 24-carat gold to Rs218,500 per tola.

Meanwhile, 22-carat gold is now priced at Rs292,000 per tola, and 21-carat gold was sold at Rs191,188 per tola.

US dollar reaches below Rs 300 mark

Jewelers have attribute the increase in gold prices to various factors, including fluctuations in international markets and changing economic conditions.

Consumers and businesses are keeping a close eye on these developments as they navigate the changing landscape of the gold market.

While the rise in gold prices may pose challenges for consumers, it is also an essential indicator of economic dynamics and global trends, making it a crucial element in financial markets.