Gold prices in Pakistan have gone way up recently. The 24-carat gold, which is a high-quality type, got much more expensive, increasing by Rs. 5,700 per tola. That’s a lot! Now it costs Rs. 218,300 per tola. Even for 10 grams, the price went up by Rs. 4,887 and is now Rs. 187,157.
This increase happened over a week. At first, it went up by Rs. 200 on Monday, then a lot more on Tuesday and Wednesday – Rs. 1,800 and Rs. 1,000 extra, making it Rs. 3,000 higher in just three days.
Around the world, gold prices also went up. In the global market, the price for immediate gold transactions increased by 0.2 percent to $2,031.28 per ounce. US gold futures rose by 2.4 percent to $2,045.50.
Why did this happen? A few things, like changes in the world’s economy, tensions between countries, and the uncertainty caused by the ongoing pandemic, made people want more gold. When things get shaky, people trust gold more, thinking it’s safer to have. That’s why its price went up.
This rise affects a lot of things in Pakistan. Not just jewelry prices, but also how people save and invest their money. People might start looking at other ways to invest because gold is now expensive.
What’s next? It’s hard to say. Experts say we need to watch carefully because the world’s situation keeps changing. Politics and how countries deal with money will keep affecting gold prices. So, everyone involved needs to pay attention to what’s going on.
In conclusion, gold got really expensive in Pakistan, just like it did around the world. This big change happened because of many reasons, and it’s making people rethink how they handle their money. But since things can change quickly, it’s important to understand what’s happening before making big decisions.
