Last night, Gold and silver prices in global and local markets reached new historical highs; however, on Tuesday morning, the prices remained stable till the next market announcement.
Due to the US’s tensions with Venezuela and Iran, the echo of the US Federal Reserve’s further interest rate cut this year, and geopolitical tensions, gold and silver prices are intermittently touching new historical highs at the global and local levels. On Monday, the price of gold per ounce in the international bullion market suddenly increased by $77 after a gap of 3 months to reach a new high of $4,586.
After the increase in the global market, the price of gold per tola in the country also increased by a huge increase of Rs7,700 to Rs480,962. In addition, the price of gold per 10 grams increased by Rs 6,602 to Rs 412,347.
The price of silver per tola increased by Rs 430 to a new high of Rs 8,895, while the price of silver per 10 grams increased by Rs 369 to Rs 7,626.
