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Gold prices saw a significant jump on Monday, impacting both the local and international markets.
In Pakistan’s local gold markets, the price of 24-carat gold surged by Rs2,500 per tola, bringing it to a new high of Rs269,900. Similarly, the price per 10 grams increased by Rs2,144, reaching Rs231,396.
On the international front, the price of gold per ounce rose by $25, reaching $2,587 in the global bullion market.
Silver Prices Hold Steady
While gold prices witnessed a sharp rise, the price of silver remained unchanged in Pakistan. The price of silver per tola stayed steady at Rs3,250, while the price per 10 grams remained at Rs2,786.
Recent Trends in Gold Prices
This increase comes after a slight decline in gold prices over the weekend. On Saturday, global gold prices had dipped by $3, bringing the price per ounce to $2,562. In the local market, the price of 24-carat gold fell by Rs300 per tola, dropping to Rs267,400.
Factors Driving the Surge
The recent surge in gold prices highlights continued fluctuations in both local and international markets. Factors such as global economic trends, currency valuation, and market demand often contribute to these changes.
Conclusion
As gold prices rise, they continue to attract attention from investors and consumers. Keeping a close eye on these fluctuations can help individuals make informed decisions about buying or selling gold. Stay updated for further insights into market trends.
