Gold prices in Pakistan continued to rise on Monday, influenced by trends in the global market. The price of one tola of gold saw a significant jump, increasing by Rs1,700 to reach a new record high of Rs268,000.
In addition to this, the price for 10 grams of gold also went up by Rs1,458, bringing the total cost to Rs229,767. This information was shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), which monitors the changes in the gold market.
The price hike comes after a smaller rise of Rs400 on Saturday, when the price for one tola had already reached Rs266,300. The continuous increase in gold prices reflects the ongoing uncertainty in the market, making gold a popular option for investors seeking stability in times of economic volatility.
Many people are turning to gold as a safe investment, which has contributed to its rising value. Global factors such as inflation concerns and shifts in currency values have also played a role in pushing gold prices higher, and experts believe that the trend could continue in the near future.
American Dollar Exchange Rate