Gold prices in Pakistan reach new record of Rs268,500 per tola
Following a decline in the previous session, gold prices in Pakistan experienced a significant increase on Thursday, mirroring trends in international markets. In the local market, the price of gold per tola rose by Rs800, reaching a new record high of Rs268,500.
Gold Prices Hit All-Time High in Pakistan
The price for 10 grams of gold also saw an increase of Rs685, climbing to an all-time high of Rs230,195. Meanwhile, the price of one tola of silver remained unchanged at Rs2,950. In the international market, gold prices also rose by $8, reaching a peak of $2,577 per ounce.
Gold Prices Push to New Records Following Rate Cut
Gold futures and shares both climbed to new record highs after the Fed rate cut. Gold remains a safe haven for money and can be seen as more attractive as interest rates drop. Global turmoil looks to continue to provide gold with upward momentum,
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