Gold prices are once again witnessing a sharp rise across the country, making it more difficult for the common man to buy gold. A huge increase of Rs 3,000 per tola has been recorded in the local bullion markets, after which the price of one tola of gold has now reached a record high of Rs 536,562. This sudden increase in prices has been seen not only per tola but also in terms of ten grams. According to the data, the price of ten grams of gold has increased by Rs 2,572, after which ten grams of gold is now being sold in the market for Rs 460,015. The main reason for this increase in prices at the local level is said to be the increase in gold prices in the global market. Gold prices in the international market have increased by $30, which has now brought the price of one ounce of gold to $5,138. Economists say that fluctuations in gold prices in the global market directly affect the local market in Pakistan. Due to the increasing interest in gold by investors at the international level and changes in the value of the dollar, the demand for gold has increased, the effect of which has also been reflected in the increase in prices in the bullion markets of Pakistan. This continuous increase in gold prices has worried families buying during the wedding season. The number of buyers is being seen in the markets as the prices are now becoming out of reach of a common citizen. According to the Bullion Association, if the same trend continues in the global market, the possibility of further increase in prices in the coming days cannot be ruled out.
Gold prices rise further across the country
