Gold Prices Increase All over the World and definitely Hit by Pakistan Rs:4,70,000 US Dollar Approx. $1662
Gold prices in Pakistan skyrocketed to unprecedented levels on This Week, Because tracking a sharp rally in the international market.Many people believe that the rise in the price does not matter to us because we do not have to buy gold. In fact, the rise in the price of gold indicates that the money in your pocket and in the bank has become even more empty.
Many people believe that the rise in the price of gold does not matter to us because we do not have to buy gold. In fact, the rise in the price of gold indicates that the money in your pocket and in the bank has become even more empty. If you had previously bought a mobile phone for 40,000, but now the gold rates have increased, the value of your money has decreased, so now the same mobile phone will be worth 50,000. While your salary remains the same. As the price of gold increases, the amount of notes in your pocket will decrease and the amount of paper will increase.https://share.google/WKiWKOqYeJvexABWd
According to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA),https://share.google/2JwEVwBRpDF352BYx
the price of per tola surged by Rs. 14,100 during the day, hitting a historic peak of Rs. 456,900. Similarly, the rate for 10 grams jumped by Rs. 12,089, reaching Rs. 391,718. This came after a Rs. 1,900 rise on Thursday that had already pushed gold to Rs. 442,800 per tola.
The global bullion market also witnessed a significant uptrend, with prices climbing to $4,358 per ounce (including a $20 premium), marking a daily increase of $141. Spot gold traded at $4,362.39 per ounce as of 0439 GMT, after touching a record $4,378.69 earlier in the day. US futures for December delivery advanced 1.7% to $4,375.50.
Silver prices in Pakistan mirrored the gold rally, gaining Rs. 167 to reach a record Rs. 5,504 per tola.
Analysts attribute the surge to mounting global economic uncertainty, stress in US regional banking, and expectations of further interest rate reductions. Gold is now on track for its strongest weekly gain in over 17 years, up about 8.6% so far this week, reminiscent of the steep rally seen in September 2008, with new records being set in each trading session.Home
