Pakistan’s gold prices increased by Rs 2,200 to reach a new all-time high of Rs 277,200 per tola. This increase comes after prices dropped to Rs. 275,000 during the previous session.
The cost of ten grams of gold increased significantly as well, rising by Rs1,886 to Rs237,654.
These adjustments correspond with the rise in global gold prices, which were quoted at $2,675 an ounce, up $22 from the day before.
Silver, on the other hand, continued to trade at Rs3,050 per tola. The price of gold had previously peaked at Rs. 277,000 a tola last month.
The market observers credit the increase in gold prices to the softening of US Treasury yields and the expectation of incoming US economic data that could impact interest rate decisions made by the Federal Reserve.
