Gold touches record highs again

Gold prices in Pakistan surged to a new all-time high on Monday, reflecting global market trends. The price of gold per tola climbed by Rs1,500, reaching Rs309,500. Likewise, the rate for 10 grams of gold rose by Rs1,286 to settle at Rs265,346, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On the preceding Saturday, gold prices had already increased by Rs1,000, bringing the per tola price to Rs308,000. Globally, however, gold prices saw a decline on Monday as traders secured profits following recent record highs. The market focus has now shifted to an upcoming US inflation report, which could influence future price movements. According to Adnan Agar, Director of Interactive Commodities, gold has once again tested its recent peak of 2955. However, the market has slightly dipped to around 2940.