This week, gold prices have continued to break records.
This week has seen yet another record high for gold prices. The fourth day, Wednesday, saw a new high in the price. On Friday, the last trading day of the week, it broke yet another historic record, despite a modest decline on Thursday.
The rise in gold prices is attributed by analysts to various variables, including volatility in the global market, rises in the price of crude oil, stability in the dollar exchange rate, and the continuous upward trend in gold prices.
Throughout the week, gold prices on the domestic market also broke previous records. The cost per tola on Sunday was Rs 152,100. It had increased to Rs 153,400 per tola by Wednesday. Following a minor decline on Thursday, the price reached a new high of Rs 156,300 per tola on Friday. In comparison with the start of the week, this represents a gain of Rs 4,200 per tola.
This week, domestic silver prices also experienced a minor boost. The cost was Rs 1,750 per tola on Sunday and had increased to Rs 1,860 per tola by Friday.