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Gold Prices Hit Historic High in Pakistan, Reaching Rs291,800 Per Tola

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Gold prices in Pakistan have reached a record high, with the per-tola price climbing to Rs291,800. The latest increase of Rs1,500 per tola is in line with global trends, as international gold prices surged by $14, reaching $2,792 per ounce.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10 grams of 24-karat gold also rose by Rs1,286, settling at Rs250,171. The local market has been witnessing continuous fluctuations in gold rates due to global economic uncertainties, currency devaluation, and increasing investor interest in the precious metal.

Market analysts predict that gold prices may continue to rise as global economic conditions remain volatile. With investors turning to gold as a safe-haven asset, demand is expected to remain strong in both local and international markets.

Meanwhile, silver prices in the local market remained steady at Rs3,300 per tola. Experts advise potential investors to keep an eye on market trends before making purchasing decisions.

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