Gold prices shoot up in local, global markets

KARACHI (Dunya News)– Gold prices have once again gone through the roof, climbing both in Pakistan and in the international market.

According to the All Pakistan Sarafa Jewelers Association, the price of gold in local markets jumped by Rs900 per tola, landing at Rs360,700. Similarly, the rate for 10 grams of gold rose by Rs772, settling at Rs309,242.

Read also: Gold prices decline by Rs1,500 per tola in Pakistan

Meanwhile, in the global market, gold also gained ground as prices edged up by $9, reaching $3,380 per ounce.

Experts say the yellow metal is still seen as a safe haven, and with uncertainty hanging over global economies, investors are flocking to gold, pushing prices higher.