On Tuesday, gold prices in Pakistan reached their highest ever at Rs317,350 per tola, increasing by Rs2,550. This sharp rise reflects changes in both local and global markets.
Key Highlights for Gold Price:
- The price of 24-karat gold per 10 grams increased to Rs272,076, up by Rs2,186.
- 22-karat gold is now priced at Rs249,412 per 10 grams.
- Silver prices also rose, with 24-karat silver selling at Rs3,555 per tola (+Rs25) and Rs3,047 per 10 grams (+Rs21).
What’s Driving the Gold Prices?
Globally, gold traded near $3,023 an ounce, gaining $23.8 or 0.79% from the previous session. This rise happened because investors are worried about the economy, partly due to U.S. President Donald Trump’s trade policies. Many people are buying gold as a safe investment when markets are unstable.
Gold Market Analysis
Gold’s rise above the $3,000 mark is a big deal because it is a key psychological level. If prices stay above this mark, they may continue to rise. Support levels are around $2,980, while resistance is near $3,050.
Expert Opinions
Experts believe the high gold prices are due to worries about inflation and global issues. As long as people fear the value of their money decreasing, gold prices might stay high.
Investing in Gold
With rising prices, many people see gold as a safe investment. However, it’s important to consider market risks and consult financial experts before investing. Some investors are turning to digital gold or gold-backed securities for convenience and liquidity.
Conclusion
Gold prices in Pakistan have reached a record high because of global and local economic issues. Many people see gold as a safe choice when the market is uncertain. For more updates, check Daily Gold Signal. For more gold market news, visit Daily Gold Update.
