Gold prices in Pakistan hit a new peak on Wednesday, continuing their upward trend for the second consecutive day. This surge reflects gold’s consistent value, especially during times of economic uncertainty.
The All Pakistan Sarafa Gems and Jewellers Association announced that the price of 24-karat gold rose by Rs8,600 per tola, now standing at Rs348,000. Similarly, the price of 10 grams of gold saw an increase of Rs7,373, reaching Rs298,353.
In global markets, gold also experienced a significant rise, climbing by $46 to trade at $3,310 per ounce. This increase follows the earlier rise in gold prices, which saw the price per ounce reach $3,224 on Tuesday.
The local and global markets have witnessed a continued upward trend in gold prices. On Tuesday, the price of 10 grams of gold in Pakistan also saw an increase of Rs514, reaching Rs290,980.
Gold’s price surge highlights its importance as a safe-haven investment, particularly during times of financial instability and economic challenges.
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