Gold is being traded in Peshawar with Rs 494662 per Tola, as last night the prices witnessed a significant fall in the country, dropping by thousands of rupees in the local market. The price of gold per tola has fallen by Rs 9,500, bringing the new rate down to Rs 494,662.
Similarly, the price of 10 grams of gold has decreased by Rs 8,145, settling at Rs 424,092. According to experts, fluctuations in the international market and changes in the value of the Pakistani rupee are driving the downward trend, creating a shifting landscape for both investors and consumers.
Regarding the future of gold, global experts and economic analysts say that its price will continue to increase in the coming years. According to forecasts by major financial institutions like JP Morgan and Goldman Sachs, gold in the global market can reach $5,000 to $5,500 per ounce, which will have a direct impact on gold prices in Pakistan.
The main reason for this increase is the increase in gold reserves by central banks around the world to reduce dependence on the dollar. Along with this, the ongoing tension in the Middle East and global political uncertainty are attracting investors to gold because it is considered the safest investment in the world.
In the context of Pakistan, gold prices are not only linked to the global market but also to the value of the rupee. If the value of the dollar increases and gold becomes expensive globally, then gold per tola in Pakistan can reach the level of Rs. 600,000. Experts suggest that, despite short-term volatility, gold will remain an excellent option for long-term investment, but investors should keep an eye on the changing market situation from moment to moment.
Read also: Latest gold prices in Peshawar today
