Gold price goes up in Pakistan

KARACHI: The price of gold per tola witnessed a surge in Pakistan on Monday on the first day of the business week.

According to the All Pakistan Gems and Jewelers’ Association, the price per tola of gold increased by Rs 800, bringing it to a total of Rs2.9 million.

Furthermore, the price of 10 grams of gold rose by 686 rupees, reaching Rs1.79 million.

Meanwhile, the international exchange maintained the gold price at 1925 dollars.

This increase in gold prices reflects the ongoing volatility and fluctuations in the global market. The rise can be attributed to various factors, such as changes in global demand and supply dynamics, currency fluctuations, and geopolitical developments.

Gold has long been regarded as a safe haven investment and a hedge against inflation. In times of economic uncertainty, investors often turn to gold as a means of preserving their wealth.

The surge in gold prices may have significant implications for individuals and businesses involved in the gold trade and jewellery industry in Pakistan.

As gold prices continue to fluctuate, investors and consumers alike will closely monitor the market for any further developments.

Experts recommend staying informed about the factors influencing gold prices to make informed decisions regarding investments and purchases in the precious metal.