ISLAMABAD (Kashmir English): The gold market is witnessing a huge boom due to the global situation and the ongoing war situation in the Middle East. Gold prices have skyrocketed globally and locally as investors are turning to gold for safe investment due to economic uncertainty.
According to the All Pakistan Sarafa Gems and Jewelers Association, gold has become more expensive by Rs 13,300 per tola in Pakistan, after which its price has reached a record level of Rs 563,862. Similarly, the price of 10 grams of gold has increased by Rs 11,402, and now it has reached Rs 483,420.
Unusual fluctuations in gold prices were also seen in the global market, where gold has become more expensive by $ 133 per ounce to $ 5,411. Along with gold, silver prices also recorded an increase, with silver increasing by Rs 188 per tola to Rs 10,050. Experts say that prices may increase further if global conditions and the value of the dollar continue to fluctuate.
