Gold price reaches record high in Pakistan – Check rates here

Gold prices in Pakistan have reached a new record high, following a global trend of rising prices. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-carat gold has gone up by Rs 8,100 per tola, bringing it to Rs 357,800.

Similarly, the price of 10 grams of gold has increased by Rs 6,366, now standing at Rs 281,202. This sharp rise is mainly due to global market changes, where the international price of gold has jumped by $69 to $3,395 per ounce.

Silver prices have also gone up. In the local market, the price of 24-carat silver per tola increased by Rs 24 to Rs 3,441, and 10 grams of silver rose by Rs 21 to Rs 2,950. Globally, silver climbed by $0.22 to $32.77 per ounce.

Experts say these increases are happening because more people around the world are investing in safe-haven assets like gold and silver due to economic uncertainty. However, they also warn that prices could keep changing, and investors should be cautious because precious metals still depend heavily on global economic conditions.

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