Gold Prices hit a new historic high in Pakistan
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On Wednesday, the country witnessed a significant milestone in its economic landscape as the price of gold soared to unprecedented levels, marking a historic increase. According to the Sarafa Association, the per tola price of gold skyrocketed by Rs2200, reaching a staggering Rs251,900. Simultaneously, the price of 10 grams of gold experienced a substantial surge, rising by Rs1,887 to close at Rs215,964 within the South Asian nation.
Internationally, the price of the coveted yellow metal was observed to be trading at $2412, indicating a global trend of rising values. Spot gold maintained its position at $2,384.19 per ounce as of 0803 GMT, remaining relatively close to the all-time high of $2,431.29 it had attained just days prior on Friday.
Meanwhile, U.S. gold futures experienced a slight decline, falling by 0.3% to $2,400.30.
In addition to gold, other precious metals also experienced fluctuations in their market values. Spot silver saw a notable increase of 1.2%, reaching $28.42 per ounce, while platinum witnessed a marginal decline of 0.3%, settling at $954.55. Palladium, on the other hand, demonstrated a positive trajectory with a 0.6% increase, reaching $1,019.68 per ounce. These dynamics collectively reflect the intricate and dynamic nature of the global precious metals market.
