Gold prices in Pakistan have gone up once again today, marking the second consecutive day of price increases. According to the All Pakistan Gems and Jewelers Association, the price of one tola (around 11.66 grams) of gold increased by 1,000 rupees today. This brings the new price of one tola of gold to an incredible 277,000 rupees.
In the case of 10 grams of gold, the price also rose by 858 rupees, taking it to a total of 237,483 rupees.
On the global stage, the price of gold has also gone up. The international market saw an increase of 10 dollars per ounce, raising the price to 2,652 dollars per ounce.
Gold has long been seen as a safe investment, especially during times of inflation, political instability, and economic uncertainty. Over the centuries, it has been used not only as a currency but also as a symbol of wealth. When investors are unsure about other investments, they often turn to gold for stability.
It’s important to note that in Pakistan, a new system for determining gold prices was introduced last year. Now, gold prices are set at 20 dollars higher than the international market rate for each ounce.
This recent price hike has many wondering about the future of gold prices. Could they rise even further? Only time will tell. But for now, gold remains a popular choice for investment in Pakistan, especially in uncertain times.
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