Gold prices in Pakistan rises by Rs 3,550 per tola

Gold prices in Pakistan rose

Gold prices in Pakistan rose 2.48% per tola as inflation rose and the rupee weakened, as concerns over uncertain economic conditions sparked a shift from risky commodities to safer ones. Gold – considered a reliable inflation hedge – is considered one of the safest investments, and as the dollar strengthens and investors’ confidence in the currency falls again, they turn their investments into gold. Gold prices rose by Rs 3,550 per tola and Rs 3,044 per 10 grams to close at Rs 146,150 and Rs 125,300 per 10 grams, data released by the All Sindh Sarafa and Jeweler Association showed.

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