Gold prices surge again in Pakistan - What’s behind the rise?
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ISLAMABAD (Web Desk): The price of 24 karat gold saw a significant increase of Rs1,500, reaching Rs.354,500 on Tuesday.

During the last trading session, the gold rate was Rs.353,000, according to the All Pakistan Sarafa Gems and Jewelers Association.

Along with the per tola price, the price of 10 grams of 24 karat gold also rose by Rs1,286, now standing at Rs.303,926, up from Rs.302,640. Similarly, the cost of 10 grams of 22 Karat gold jumped by Rs1,178, bringing the price to Rs.278,608, compared to Rs.277,430 previously.

Meanwhile, the prices for silver remained unchanged. The per tola silver price stayed at Rs.3,841, and for 10 grams, it remained at Rs.3,293.

Read more: Dollar marginally gains against rupee – Why other currencies follow suit

On the global front, gold prices increased by $15, reaching $3,325 from $3,310, while the silver price held steady at $36.57.

The consistent rise in gold prices indicates growing demand or a response to market trends, while silver prices remain stable, suggesting a less volatile trend. Gold traders and investors need to stay informed on these shifts to make strategic decisions.