Gold prices continue their upward surge, with both global and local markets experiencing a notable rise on Monday. In the international bullion market, the price of gold per ounce climbed by $12, reaching a new peak of $2,948.
The price of gold per tola increased by Rs1,500, bringing it to Rs309,500. Similarly, the price of 10-gram gold saw a jump of Rs1,286, reaching Rs265,346.
This continuing increase in gold prices reflects rising global demand and economic factors influencing the metal’s value.
The continued rise in gold prices is largely driven by concerns over inflation and fluctuations in currency values. With market uncertainties growing, investors are increasingly turning to gold as a reliable store of value.
Previously, gold prices had briefly dipped before rebounding, both internationally and domestically, marking a significant shift in the precious metals market.
In the international market, gold per ounce had gained $6, reaching $2,936, further emphasizing the trend of rising prices.