Gold prices have once again recorded a significant increase in markets across Pakistan.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of one tola of gold has risen by Rs12,200, bringing it to Rs440,936.

Similarly, the price of 10 grams of gold increased by Rs10,459, reaching Rs378,031.

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Meanwhile, gold prices also climbed in the international market. Experts attribute the increase to changing expectations regarding U.S. interest rates, a weaker U.S. dollar, and increased gold purchases by central banks around the world.

According to the World Gold Council, central banks purchased a total of 41 tonnes of gold during May, while prices of silver, platinum, and palladium also recorded gains.