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Saturday, November 09, 2024  
06 Jumada Al-Awwal 1446  

Gold prices hit record high in global, local level

Here are latest prices for today
Reuters
Reuters

Gold prices have reached record highs in both international and local markets following recent increases.

In the global bullion market, the price of gold rose by $11 per ounce, hitting a new peak of $2,737.

Consequently, local jewelry markets reflected this trend, with the price of 24-carat gold per tola climbing by Rs2,000 to a record Rs285,400, up from Rs282,300 on the previous trading day.

Additionally, the price of gold per 10 grams surged by Rs943, reaching an all-time high of Rs244,684.

In contrast, silver prices remained stable, with the per tola rate steady at Rs3,150 and the 10-gram rate at Rs2,700.62.

Market analysts attribute the surge in gold prices to several factors, including rising tensions in the Middle East, uncertainties surrounding the upcoming U.S. elections, and a shift toward more accommodating monetary policies. As a result, investors are increasingly viewing gold as a safe-haven asset amidst global economic uncertainty, driving demand and prices to unprecedented levels.

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