Gold Prices Register Sharp Increase Across Local and International Markets; Per-Tola Gold Jumps by Rs5,900
KARACHI: The trend of higher prices for precious metals has taken a positive turn after a short dip and the upward surge has been seen for the second day in a row, with a significant rise in both domestic and global markets for gold.
The price of 24-karat gold in the local markets recorded a significant increase of Rs5,900 per tola, resulting in the price of 24-karat gold at Rs440,936 per tola, according to the All Pakistan Gems and Jewellers Association.
The following are some of the highlights of the Gold Market Price Surge:
Local bullion traders also said that the price of 10 grams of gold had also gone up by Rs5,058 to Rs378,031.
International Market Rally: International spot gold prices hit a new high of $4,184 an ounce, after rising $59 in the global market.
Market analysts are saying that the continuous correction upward indicates that the international bullion trends are getting stronger along with the rising demand of investor for buying safe-havens.