Gold prices have risen again in the global market. After which a significant increase has been seen in the prices of gold per tola and ten grams in Pakistan as well.
After a decline in the price of gold in Pakistan over the past few days, a second big increase was recorded in prices on Tuesday.
In the local market, first ten grams of gold increased by Rs 11,744 and the price of gold per tola by Rs 13,700. After which the prices increased further and ten grams of gold became expensive by Rs 20,576 and Rs 24,000 per tola.
In Pakistan, gold per tola is Rs 514,362 while the price of 10 grams of gold has reached Rs 440,982.
Gold prices have also increased in the global market, where gold per ounce has increased by $ 240 to $ 4,916 per ounce.
This increase has come at a time when the price of gold, after reaching an all-time high, suddenly saw a big drop and prices fell by Rs 82,500 per tola in just three days.
In the past few days, silver and platinum prices had also seen a significant increase, however, after signs of improvement in the political situation in the US, the prices of all three gold, silver and platinum fell sharply.
Earlier, the extraordinary increase in the local market was described as the biggest increase in the history of the gold market, as an increase equal to a year was recorded in just one month. Where in just one month, gold per tola had become expensive by Rs 118,000, as a result of which the price had increased from Rs 454,000 to Rs 572,000.
According to experts, gold is still considered a safe investment for investors due to ongoing conflicts around the world, current and possible new tariffs and political uncertainty.
However, he says that like other commodities, there is a risk that gold prices will fall just as quickly as they rise.
