International price of gold hit record high of $2,903 per ounce, up $42 from previous day
(Web Desk): Gold prices in Pakistan rebounded on Monday, following an increase in international prices. The price of gold per tola rose by Rs4,000, reaching a new all-time high of Rs303,000.
Meanwhile, the price of 10 grams of gold increased by Rs3,429, reaching Rs259,773, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Internationally, gold prices also saw an increase, staying near the record high set in the previous session.
Investors turned to gold as a safe-haven investment after US President Donald Trump announced plans to impose new tariffs on steel and aluminum imports, raising concerns about a potential global trade war. Trump revealed over the weekend that he would introduce new 25% tariffs on these imports and also stated that he plans to impose reciprocal tariffs on several countries in the near future.
Gold is often seen as a safe investment during economic uncertainty, but higher interest rates can make it less attractive. On Monday, the international price of gold hit a record high of $2,903 per ounce, up $42 from the previous day.
Google is making the Pixel cameras better by making them worse
- 15 گھنٹے قبل
Jaguar offers a first look inside the all-electric Type 01
- 6 گھنٹے قبل
Why scientists are using cheap picnic coolers to protect some of the world’s most endangered animals
- 4 گھنٹے قبل
Hasan Piker isn’t retreating
- 4 گھنٹے قبل
Meet the man who spent $15K on Beyoncé tickets
- 13 گھنٹے قبل
Why babies’ experiences matter (even if they can’t remember them)
- 4 گھنٹے قبل
The Pixel Tag is Google’s answer to the AirTag
- 15 گھنٹے قبل
Google’s Pixel 11 series pairs a little new hardware with a lot of new software
- 15 گھنٹے قبل
It doesn’t have to be this hard to get divorced
- 13 گھنٹے قبل
Saudi Arabia resumes oil loadings, sales from inside Strait of Hormuz
- 4 گھنٹے قبل
Supreme Court orders transfer of jailed ex-PM Imran Khan to Shifa Hospital for medical checkup
- 7 گھنٹے قبل
PM Shehbaz Sharif inaugurates Google’s Pakistan office
- ایک گھنٹہ قبل
