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LAHORE, Jun 02 (APP): Gold continues to move up in local and global markets, with per tola rate of yellow metal moving up by Rs5900 on Monday.
According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA) sources, the price of gold in Pakistan has recently seen fluctuations, and it shows price of gold per tola increased by Rs5,900 to close at Rs353,100. Similarly, the price for 10 grams of gold rose by Rs5,058, reaching Rs302,726.
The international gold rate also showed strength on Monday, climbing by $59 to $3,347 per ounce, with an additional premium of $20, said APGJSA.
Meanwhile, market analysts attribute the rise in gold prices to increasing global demand and ongoing economic uncertainties, which typically drive investors towards precious metals as safe-haven assets.