Gold prices surge in international and local markets
The price of gold has surged in both international and local markets. According to Express News, in the international bullion market, the price of gold per ounce increased by $27, reaching $2,942. Locally, the price of gold per tola rose by Rs 2,800, reaching a new peak of Rs 309,300.
Safe-Haven Gold Rises Above $3,000 for the First Time
(Reuters) - Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe store of value. Spot gold was up 0.3% at $2,997.75 an ounce at 1115 GMT after hitting a record high of $3,004.86.
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Spot gold was up 1.3% to $2,969.53 an ounce, as of 10:51 ET (1451 GMT). U.S. gold futures climbed 1.2% to $2,982.50.
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