Gold prices further increased in Pakistan, reaching Rs 435,900 per Tola, while the prices of 10-gram Gold reached 3,73595.
According to the All Pakistan Gems and Jewelers Association, gold has become expensive by Rs 5,900 per tola, after which its new price has been set at Rs 435,900 per tola. Similarly, 10 grams of gold is being sold for Rs 373,595 after an increase of Rs 5,065. A significant increase has also been seen in the price of gold in the global market, where gold per ounce has reached $ 4,134 after an increase of $ 59. According to experts, the depreciation of the US dollar in the global market, the tense situation in the Middle East, and uncertain factors in the global economy are the main reasons for the increase in gold prices.
On the other hand, there is a decrease in the number of buyers in local markets as high gold prices have made it more difficult for the general public to purchase jewelry.
Experts say that if the global economic uncertainty persists, gold prices may increase further in the coming days.
Read also: Gold latest price update for November 06
