Gold Prices Surge in Pakistan: Rs. 300 Increase Per Tola
Gold prices rise by Rs5,500 per tola in Pakistan – check new rates
Gold prices in Pakistan rose sharply today, with a notable increase of Rs. 300 per tola, according to the latest data from the All Pakistan Jewellers Manufacturers Association (APJMA).
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New 24K Gold Rate: Rs. 354,665 per tola (up from Rs. 354,365)
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10-gram Gold Price: Rs. 304,068 (a rise of Rs. 258)
Global Market Trends
The upward trend aligns with international markets, where gold prices increased by $3 per ounce, reaching $2,330. Fluctuations in global demand, currency exchange rates, and geopolitical factors continue to influence local gold rates.
Why Are Gold Prices Rising?
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Weaker Pakistani Rupee: Currency depreciation against the dollar makes imported gold more expensive.
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Global Safe-Haven Demand: Economic uncertainties drive investors toward gold as a stable asset.
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Local Demand: Wedding season and festive buying contribute to higher domestic prices.
What to Expect Next?
Market analysts predict continued volatility, advising buyers to monitor daily updates before making purchases.
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