Saira Imran 
Gold Price Increase in Local Market Hits Record High
Gold price increase in local market pushed rates to record highs on Monday as global tensions fueled investor demand for safe assets.
The local bullion market saw a sharp rise in gold prices. Traders reported strong buying pressure throughout the day. Fear of a possible US attack on Iran supported the upward trend.
According to the All Pakistan Sarafa Association, the price of 24-karat gold increased by Rs 7,700 per tola. It reached a record level of Rs 480,962 per tola. The price of 10 grams of gold also rose by Rs 6,602 to Rs 412,347.
Silver prices also moved up. The price of silver increased by Rs 430 per tola. It settled at Rs 8,895 in the local market.
In the international market, gold prices showed a similar trend. The price of gold rose by $77 per ounce. It reached $4,586 per ounce, reflecting strong global demand.
Market experts linked the surge to geopolitical uncertainty and investor caution. They said people prefer gold during times of risk and instability.
Analysts expect prices to remain volatile in the coming days. Any change in global political developments may further impact rates. The gold price increase in local market continues to draw attention from investors and buyers alike.
