On Monday, gold prices in Pakistan experienced a notable rise due to a favorable change in worldwide markets.
The price of gold per tola increased by Rs500, attaining Rs282,900.The increase followed a decrease in gold prices during the prior session, where the price had dropped by Rs200 to conclude at Rs282,400 on Saturday.
On Monday, the price of 10 grams of gold increased by Rs429, reaching Rs242,541.
The increase in local gold prices reflected the favorable trend in the worldwide market, where the price of gold per ounce reached $2,708, plus an additional premium of $20. This was a $5 rise inside a single day.
Conversely, silver prices declined, with the price per tola decreasing by Rs9 to reach Rs3,372.
Analysts ascribe the rise in gold prices to variations in global demand, as investors seek refuge in precious metals amid economic concerns. As global markets exhibit ongoing volatility, analysts anticipate additional swings in the values of gold and silver in the forthcoming weeks.
