Thursday, July 4, 2024 06:01 PM
Gold Prices Surge Locally and Internationally
- 24 karat gold price in local market rises by Rs 2,300
- Gold prices in international market increase by $25
- Investors turn to gold during economic uncertainty
Image Credits: Aaj English TV - Aaj NewsGold prices see a significant increase locally and internationally, influenced by various factors like economic conditions and investor sentiment. Stay informed to make informed investment decisions.
Gold prices experienced an increase in the local market on Monday, with 24 karat gold reaching Rs 250,400 per tola, up by Rs 2,300 from the previous day. Similarly, the price of 10 grams of 24 karat gold rose to Rs 214,678, marking a Rs 1,972 increase. The All Sindh Sarafa Jewellers Association reported that 10 grams of 22 karat gold also saw a price hike to Rs 196,788.
On the other hand, silver prices remained stable at Rs 2,850 per tola and Rs 2,443.41 per ten grams. In the international market, the price of gold surged by $25 to $2,439 from $2,414, as per the association's data.
Gold and silver prices are influenced by various factors such as global economic conditions, geopolitical events, and demand-supply dynamics. Investors often turn to precious metals like gold as a safe-haven asset during times of economic uncertainty.
The rise in gold prices locally and internationally reflects the ongoing market trends and investor sentiment. It is essential for individuals interested in precious metals to stay informed about price fluctuations and market updates to make informed decisions regarding their investments.
