Gold prices in Pakistan surge following global trend
Gold and silver prices in Pakistan have risen following global market trends. The increase affects both 24-karat and 22-karat gold, as well as silver, according to local industry associations.
Why it matters
Fluctuations in precious metal prices often serve as a hedge against currency devaluation and inflation in local markets.
Gold prices witnessed an increase in the local market on Monday, with the price of 24-karat gold per tola rising by Rs1,700 to settle at Rs428,436, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association . Similarly, the price of 10 grams of 24-karat gold increased by Rs1,457 to Rs367,314, while the price of 10 grams of 22-karat gold gained Rs1,335 to reach Rs336,716.
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