Gold has a special significance in the Indian subcontinent region. Marriage without gold jewelry cannot be imagined. This is the reason why the fast-rising prices of gold affect the people here. The US-China trade war, and now in West Asia, is witnessing a tremendous jump in gold prices due to tensions. Gold in India has reached a new level of Rs 41,730 per 10 grams. Apart from this, talk of gold in Pakistan, it is now going beyond the reach of the rich.
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Gold prices have skyrocketed in the midst of Pakistan's ruined foreign exchange reserves and the worst state of the economy. According to the Pakistan Chemidia Reporter, the price of 10-gram gold has reached Rs 93,400 on Monday. Looking at the prices per 10 grams, the price of 24 carat gold in Pakistan has gone up to Rs 80,075 per 10 grams on Monday. The price of 22-carat gold has gone up to Rs 73,402 per 10 grams.
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Gold prices have seen a sharp rise since the death of Iran's chief military officer Qasim Sulemani in the US attack on Friday last week. This US attack has created an atmosphere of tension in West Asia. This tension has increased further after the US threatened Iraq. Faced with this tension, there is an environment of uncertainty in international markets and investors are investing in gold considered safe haven. This is the reason why there is a tremendous rise in the prices of gold.
