According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold in Pakistan has increased significantly, with 24-carat gold jumping by Rs. 1,500 per tola to Rs. 221,000 and 10 grammes increasing by Rs. 1,286 to Rs. 189,472.
The COVID-19 pandemic, inflation, and other economic problems are likely to blame for the increase in the price of gold that reached over Rs. 10,000 per tola in April. Because of this, there is now more demand for gold, which raises the price.
Others are worried about the effects on the economy and the rising cost of living, despite the fact that some investors and consumers are thrilled about the chance to sell their gold at a higher price.
By 1241 GMT, the price of gold on the world market had risen 0.2 percent to $1,986.53 per ounce. Despite worries, experts believe that the price of gold will increase in the upcoming months. As a result, investors are advised to carefully consider their options before making any decisions about buying or selling gold.
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