Gold reaches Rs500,000 per tola mark in Pakistan - why prices rising so fast
Gold prices near Rs500,000 per tola. File photo
Gold prices near Rs500,000 per tola. File photo
(Web Desk): Gold prices near Rs500,000 per tola as rates surged again in Pakistan and global markets. The sharp rise has surprised buyers and traders.

Gold prices increased once again in both international and Pakistani bullion markets. The latest jump has pushed prices close to a historic level.

According to All Pakistan Gems and Jewellers Association, the price of 24 karat gold per tola increased by Rs4,600. After this rise, the rate moved from Rs495,362 to Rs499,962 in local markets.

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Similarly, the price of 10 grams of 24 karat gold also saw a strong increase. It went up by Rs3,943, rising from Rs424,693 to Rs428,636.

In the international market, gold prices also recorded a noticeable increase. The rate per ounce went up by $46, moving from $4,730 to $4,776.

Silver prices also followed the upward trend in Pakistan. The price of 24 karat silver per tola increased by Rs326, reaching Rs8,260.

Experts say rising global demand and economic uncertainty are pushing gold prices higher. Investors are turning to gold as a safer option.

This continuous increase is making gold less affordable for common buyers. At the same time, traders are expecting further volatility in the coming days.

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Gold is getting very close to a big psychological level of Rs500,000. If prices keep rising, it may cross this mark soon.

This trend shows people are worried about the economy. When uncertainty grows, demand for gold usually increases.