Rising Gold and Silver prices and economic uncertainty push investors toward safe-haven assets like gold and silver
Silver prices have increased in Pakistan. After gold became expensive in the global market, gold is also available at a higher price in Pakistan.
One tola of gold became expensive by Rs 3,900 to Rs 475,962. Similarly, 10 grams of gold also became Rs 408,060.
Silver prices also increased. One tola of silver increased by Rs 70 to Rs 7,524.
Experts say that silver prices are rising and for this, the world’s economic conditions are becoming uncertain and energy prices are rising. When oil and electricity prices increase, investors prefer to invest in more secure assets, such as gold and silver.
It is going around the world that when the financial conditions are bad or uncertain, the price of precious metals increases. Investors buy them to protect themselves from inflation and price depreciation.
Experts believe that if the global conditions remain the same, silver prices will increase further. This will also have an impact on the Pakistani market and the common people cannot easily buy these precious metals.
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