ISLAMABAD: After a one-day decline, the price of gold has increased again across the country.
According to the All Pakistan Sarafa Gems and Jewelers Association, gold became more expensive by Rs 9,100 per tola today, after which the new price of gold per tola reached Rs 514,662.
Similarly, the price of 10 grams of gold has also increased by Rs 7,802 to Rs 441,239.
On the other hand, the price of gold per ounce in the international bullion market has suddenly increased by $ 91 to a new high of $ 4,923.
How long will the global trend of increasing gold prices continue?
Gold is known as a safe investment, the price of which is expected to remain stable or increase instead of decreasing during a financial crisis or economic downturn.
The recent rise in gold prices is the fastest since the 1970s, up more than 50 percent since April last year.
Gregor Gregerson, founder of precious metals dealer and storage provider Silver Bullion, said his customer base has more than doubled in the past year.
He said that given the uncertain global economy, many investors, banks and wealthy families are now considering gold as a safe haven.
According to Gregerson, most of our customers hold gold for the long term. He explained that the majority of his customers have held gold for more than four years.
Gregerson says that at some point, the price of gold will fall, but he believes that in the current economic scenario, the upward trend in gold prices is expected to continue for at least the next five years.
