Another Massive Surge in Gold Prices Seen in Pakistan
Fluctuations in gold prices are directly linked to changes in the value of the US Dollar.
Saad khan 
Islamabad: Gold prices gleamed brighter on Tuesday, rising in tandem with international rates and bringing cheer to jewellers and investors alike. The precious metal's value soared by Rs1,900 per tola, settling at Rs241,300 in the local market. Additionally, the 10-gram gold saw a significant increase of Rs1,629, reaching Rs206,876.
According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the international gold rate also experienced a boost, rising by $15 to $2,307 per ounce, with a premium of $20. This marked a significant shift from Monday's stable prices, where gold per tola remained unchanged at Rs 239,400 in Pakistan.
While gold prices have been fluctuating, silver rates have remained steady at Rs 2,750 per tola. It's noteworthy that gold prices had previously hit an all-time high of Rs252,200 per tola in the local market just last April.
The recent surge in gold prices can be attributed to various factors, including changes in international market dynamics and fluctuations in the value of the US dollar. As gold is often seen as a safe-haven investment, any global economic uncertainty or shifts in currency values can lead to increased demand and higher prices. This trend underscores the metal's enduring appeal and its crucial role in the portfolios of both jewellers and investors.
