Karachi Gold Rates Surge After Previous Decline
In a surprising turn of events, gold rates in Pakistan witnessed a substantial rebound on Wednesday, following a recent decline in successive sessions.
Local market data provided by jewelers indicate that the precious yellow metal experienced an impressive upswing of Rs6,400 per tola. This surge propelled the price of 24-carat gold to reach Rs206,500 per tola.
Additionally, the price of 10-gram gold surged by Rs5,487, reaching a new height at Rs177,740.
Furthermore, on the international stage, the price of gold reached $1959 per ounce, marking a noteworthy increase of $36.
This resurgence in gold prices is of particular interest due to the ongoing volatility in the Pakistani market, which is marred by political and economic uncertainty as well as soaring inflation. During such times, many individuals turn to gold as a safe and reliable investment option.
