The price of gold in local markets experienced an increase, with the cost of per tola (24 karat) gold rising by Rs900 to reach Rs221,200 on Monday. This marks a climb from its previous sale price of Rs220,300 on the last trading day. Similarly, the price of 10 grams of 24-karat gold increased by Rs771, reaching Rs189,643 compared to its earlier value of Rs188,872. Additionally, the prices of 10-gram 22-karat gold rose to Rs173,840 from Rs173,132, as reported by the All Sindh Sarafa Jewellers Association.
On the international front, the price of gold saw an increase of $3, reaching $2,106 from its previous value of $2,103. Precious metals analysts anticipate that gold will outshine other metals this month, especially after reaching a one-month high last week. Despite fluctuations in the global market, gold continues to be a sought-after investment, reflecting its status as a safe-haven asset. The stability and upward trajectory in gold prices both locally and internationally contribute to its appeal among investors.
