A significant increase in the price of gold and silver has been recorded in the local bullion market today, reaching the prices of Per Tola to 5,28,562.
According to the All Pakistan Bullion Gems and Jewelers Association, gold per tola today increased by Rs 2,300 to Rs 528,562, while the price of 10 grams of gold increased by Rs 1,972 to Rs 453,156. Similarly, the price of silver was also seen to increase in the local market and silver increased by Rs 120 to Rs 8,735 per tola.
Gold is also becoming expensive globally. The price of gold per ounce in the global market increased by $23 to $5,058. After this increase, analysts say that further fluctuations in the price of gold are expected at the local level.
According to representatives of the Sarafa Association, the increase in the price of gold in the international market, the change in the value of the dollar and the balance of supply and demand have also seen an increase in the local market. They advised investors to avoid buying and selling in a hurry for the time being and consider the market situation.
The continuous increase in the prices of gold and silver is causing concern for local consumers, while investors are also seeing it as an opportunity.
