Gold price increases further, silver becomes cheaper

The price of gold has increased further in the global and local markets, while silver prices have declined.

The price of gold per ounce increased by $13 in the international bullion market on Saturday, after which the global price of gold reached $4,538 per ounce.

The increase in the global market also had an impact on the local bullion markets, where the price of 24-karat gold per tola increased by Rs1,300. After this increase, the new price of gold per tola became Rs476,162.

Similarly, the price of 10 grams of gold increased by Rs1,115 to reach Rs48,232.

On the other hand, the price of silver decreased. In the global market, silver per ounce fell to $75.29, while in the local market, the price of silver per tola fell by Rs21 to Rs8,013.

Similarly, the price of 10 grams of silver also decreased by Rs 18 to Rs 6869.

According to experts, global economic uncertainty, investors' increasing focus on safe investments and volatility in international financial markets are the main reasons for the increase in gold prices.