The price of gold in Pakistan has surged to unprecedented levels, as reported by the All Pakistan Jewelers Association. The price of one tola of gold has risen by 4900 rupees, reaching 245,100 rupees. Similarly, the price of ten grams of gold has climbed by 4200 rupees, now standing at 210,134 rupees.
This sharp increase is attributed to various factors such as global market trends, economic conditions, and local demand-supply dynamics.
In the international market, the price per ounce of gold has risen by $44 to $2330. However, in Pakistan, due to the addition of a $20 premium, the international price of gold per ounce is now $2350.
This surge in gold prices reflects both global economic uncertainties and domestic factors influencing the precious metal’s value, prompting investors and consumers to closely monitor market developments.
