Fluctuations in gold prices continue in the global and local markets, with a major drop in the price of gold per tola, while the latest prices in Peshawar today recorded Rs 426736 Per Tola of 24 Karats.
According to the All Pakistan Sarafa Association, gold per tola in the local market fell by Rs3,700, after which the new price became Rs4,26,736. Similarly, the price of 10 grams of gold fell by Rs3,202 to Rs3,65,857.
The price of silver per tola fell by Rs57 to Rs6,237, while in the global market, gold per ounce fell by $37 to $4,043. The price of gold per tola in the local market increased by Rs 3,000 yesterday, after which the new price of gold per tola reached Rs 430,436.
Sarafa dealers say that the local market is also being directly affected due to the continuous fluctuations in gold prices in the global market. International economic uncertainty, monetary policies of central banks of different countries, inflation and investors’ increasing focus on safe investments are being cited as the main reasons for the increase in gold prices.
According to experts, the value of the dollar, global economic conditions, and international market trends will play an important role in determining gold prices in the coming days.
Experts have advised investors to keep an eye on the latest trends in the local and global markets before buying and selling gold, as even a slight change in international economic conditions can have a significant impact on gold prices.
