Gold prices in Pakistan are on the rise and are expected to cross the Rs. 300,000 per tola mark for the first time in history. Although there was a slight drop in the price today, experts believe that gold rates will continue to climb due to international market trends.
According to the All Sindh Sarafa Jewellers Association, the price of 24-karat gold per tola decreased by Rs. 900, bringing it to Rs. 298,700 from its previous rate of Rs. 299,600. Similarly, the price of 10 grams of 24-karat gold also dropped by Rs. 772, reaching Rs. 256,087 from Rs. 256,859. Meanwhile, 10 grams of 22-karat gold is now priced at Rs. 234,754 after a decrease from Rs. 235,454.
Silver prices also saw a decline, with per tola silver falling by Rs. 23 to Rs. 3,327. The price of 10 grams of silver dropped by Rs. 20, reaching Rs. 2,852.
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On the global stage, gold prices in the international market dropped by $9, settling at $2,859 per ounce from the previous $2,868. Despite this slight dip, analysts predict a strong upward trend in gold prices due to factors such as economic uncertainty, inflation concerns, and the continuous demand for safe-haven assets.
Gold remains a crucial investment option in Pakistan, with many people buying it as a safeguard against inflation. As prices continue to fluctuate, buyers and investors are closely monitoring the market for the best time to make their purchases. Experts suggest keeping an eye on global trends and local market movements to make informed decisions.
With gold prices nearing a record high, the coming days will be crucial in determining how the market shapes up. Whether you are an investor, a trader, or someone looking to buy gold jewelry, staying updated on the latest gold rates is essential to make the right financial choices.
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