Gold price increases by Rs1300 per tola in Pakistan

Karachi (Web Desk): Gold prices in Pakistan have seen a significant surge, putting additional financial pressure on consumers. According to the All Pakistan Gems and Jewelers Association, the price of one tola of gold has increased by Rs1,300, reaching a new price of Rs359,300.

The price of 10 grams of gold has also gone up by Rs1,114, now standing at Rs308,041.

On the global front, the price of gold has risen by 13 USD per ounce, now valued at 3,366 USD per ounce.

Experts suggest that the rise in global gold prices is affecting local markets, contributing to the increase in gold prices in Pakistan.

 This rise could lead to a shift in consumer buying behavior, with people expected to become more cautious in their gold purchases.

While the increase in gold prices may benefit those involved in the gold trade, the public is facing additional financial strain. People looking to purchase gold may face challenges due to the ongoing price hike.