KARACHI: The price of gold has once again seen a significant increase in Pakistan’s Sarafa markets today, after which gold prices have reached the highest level in the country’s history.
According to the Sarafa Association, the price of gold per tola increased by Rs 1,800 today, after which it reached a record level of Rs 320,800. Similarly, the price of 10 grams of gold also saw an increase of Rs 1,543, after which it went up to Rs 275,034.
Meanwhile, silver prices edged higher in the global market. In the international market, the price of gold increased by $12, after which its price rose to $3050 per ounce.
According to economic analysts, the main reasons for the continuous increase in the price of gold include economic uncertainty at the global level, volatility in the value of the dollar, and increasing interest of investors in the local market. He said that there is also a possibility of further increase in the price of gold, as investors consider gold a safe investment in an unstable economy.
According to experts, if the dollar does not depreciate and the global demand for gold continues, then the price of gold in the domestic market may increase further in the coming days.
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