Gold prices edge up in Pakistan amid global surge

The price of gold has experienced a notable rise, both locally and on the global market.

In Pakistan, the price of gold per tola increased by Rs2,000, reaching Rs276,400, while the price for 10 grams rose by Rs1,714, bringing it to Rs236,968.

On the global front, gold prices saw an uptick of $20, reaching $2,652 per ounce. This increase reflects ongoing fluctuations in the precious metal’s value, driven by various economic and geopolitical factors.

Gold prices are influenced by a combination of supply and demand dynamics, geopolitical stability, and economic indicators.

The global gold market operates 24/7, with prices shaped by trading in major financial centres, central bank activities, and shifts in investor demand.

Additionally, fluctuations in currencies, particularly the US dollar, alongside macroeconomic factors such as inflation and interest rates, play a critical role in gold's pricing trends.