ISLAMABAD (Kashmir English): The price of gold and silver continues to rise in the global and local markets, where the prices of precious metals have created a new history.
The price of gold per ounce in the global market has crossed the psychological threshold of $5,000 for the first time, due to which a significant increase in the demand for gold as a safe investment by investors globally is being seen.
According to the news agency, the trend of increasing prices of gold and silver in the global market continues today. Under the same trend, a significant increase was recorded in the price of gold in the global market, where gold crossed $5,000 per ounce. The effects of this increase in the prices of precious metals globally are also being seen directly in the local market of Pakistan.
A significant increase was also recorded in the local prices of silver; the price of silver per tola increased by Rs 526 to reach the highest level of Rs 10,801. On the same day, gold rose by $65 per ounce in the global market to a record high of $4,988, the effects of which were also directly seen in the local market of Pakistan.
Experts say that this increase in the prices of gold and silver is the result of global economic trends and increasing demand for investment. Investors have increased their tendency towards precious metals as a safe investment, due to which the demand for gold and silver in the global market is continuously increasing.
