Gold Price reach record high in Pakistan's market

Gold prices have surged once again, reaching record-high levels in both international and local markets. In the international bullion market, the price of gold per ounce increased by $2, bringing the new global rate to an all-time high of $2,799 per ounce. Meanwhile, in the local market, the price of 24-karat gold per tola saw an increase of Rs200 on Monday, reaching a new rate of Rs292,400. Similarly, the price of 10 grams of gold rose by Rs171, bringing it to Rs250,685. Experts attribute this continuous surge in gold prices to rising purchase agreements in the global market, particularly in the wake of escalating trade tensions. The increasing demand has pushed gold prices to historic levels, impacting local bullion markets as well. Contrary to the rising gold prices, silver rates experienced a slight decline. The price of silver per tola dropped by Rs5, settling at Rs3,265, while the price per 10 grams decreased by Rs4, reaching Rs2,799.

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