Gold prices in Pakistan have recently shot up close to Rs250,000 per tola. This increase is because of rising tensions in the Middle East and Western Asia.
It’s like a ripple effect, where international gold rates have also jumped to $2,400 per ounce. So, the local rates in Pakistan have surged to Rs249,700 per tola, which is the highest ever.
This increase in Pakistan follows a global trend. Gold reached its highest point at $2,391 per ounce before slightly going down from the $2,400 mark. The last record high in Pakistan was on April 9, when it hit Rs247,600.
Unlike gold, silver rates have stayed quite stable at Rs2,650 per tola. This shows a clear difference from the ups and downs seen in gold prices.
These changes highlight how much geopolitical issues can affect precious metals like gold and silver, making it important for investors to keep an eye on global events..
Article: Gold Rate in Pakistan Today – 16 February, 2024
The recent increase in gold prices in Pakistan shows how much geopolitical tensions and global economic issues affect precious metals. For investors and traders, staying informed about world events and market changes is key. Whether it’s to protect against rising prices or to stay safe during tough times, gold remains an important part of investment plans.
