Gold prices rise again – Is it the right time to buy or wait?
File photo
File photo
ISLAMABAD (Web Desk): The price of 24 karat gold surged by Rs1,200 per tola, reaching Rs363,800 compared to Rs362,600 a day earlier, according to All Pakistan Sarafa Gems and Jewelers Association.

Along with this, the price of 10 grams of 24 karat gold rose by Rs943 to Rs311,814 from Rs310,871. Similarly, 10 grams of 22 karat gold increased by Rs864, hitting Rs285,839 from Rs284,975.

In contrast, silver prices remained unchanged. Per tola silver stayed at Rs4,121 while 10 grams silver was stagnant at Rs3,533.

On the global front, gold also gained momentum. International rates jumped by $12, moving up to $3,411 per ounce from $3,399. Meanwhile, silver in the world market held steady at $38.88 per ounce.

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The consistent rise in local gold prices reflects the global upward trend. While silver remains stable, gold continues to strengthen, signaling investor confidence and hedging against uncertainty. The big question remains: Will this rally sustain, or is another correction around the corner?