Web desk: Gold prices are on the rise both internationally and in Pakistan, with the per tola rate climbing by Rs1,200 today.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola has increased by Rs1,200 to Rs377,900.
10 grams of gold increased by Rs1,029 to Rs323,988, while the price of gold in the global market increased by $ 12 to $ 3,552 per ounce.
Experts note that gold prices continue to fluctuate in both local and global markets. Several international financial institutions have predicted that the price of this precious metal may rise further during the year.
Analysts say that despite factors such as instability in the global economy, the value of the dollar and possible changes in interest rates in recent days, gold prices have remained surprisingly stable.
The United States ranks first in terms of gold reserves worldwide, while China holds this honour in Asia. India ranks eighth globally and second in Asia. Pakistan ranks 49th in the global list.
According to the report, the United States, Germany and Italy are at the top in terms of gold reserves, while China and India hold the largest gold reserves in Asia.
According to the World Gold Council, central banks of various countries bought more than 1,000 metric tons of gold in 2024, almost double the average annual purchase of the previous decade.
That is why central banks are major gold hoarders, holding about a fifth of the total gold mined in history.
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