PHOTO: PIXABAY
KARACHI – On Tuesday, both gold and silver advanced on global markets before pushing higher in Pakistan.
On the worldwide bullion exchange, gold added $13, trading at approximately $1,940 per ounce, as investors turned to safe-haven assets amid a broader market sell-off. Silver also gained about 60 cents, exchanging near $25.40 an ounce.
Domestically, Pakistan mirrored these increases. In Karachi’s bullion exchange, 24-carat gold climbed by roughly Rs 1,200 to settle at Rs 189,400 per tola, and the 10-gram bar touched Rs 162,740. Silver also rose, gaining around Rs 850 to close at Rs 2,450 per tola.
📊 Market Context & Insight
Various elements, including the Malaysian Ringgit’s strength, Bank Negara Malaysia’s monetary stance, inflationary pressures, and international gold valuations, are shaping current trends in Malaysia’s gold market. Additionally, local demand reflects cultural customs, jewelry usage, and the investment preferences of Malaysian consumers and enterprises.
💡 What This Means for Malaysian Investors
Note: This article was auto-fetched from trusted news sources. For educational purposes only. Please verify with official financial advisors or licensed institutions in Malaysia before making investment decisions.
🔗 Useful Resources
Malaysian investors typically view gold as a safeguard against currency swings, inflation, and global volatility. Portfolio diversification often includes physical gold jewelry, bullion bars, Gold Investment Accounts (GIAs) from institutions like Maybank and CIMB, as well as Gold Futures (FGLD) on Bursa Malaysia. Striking a balance between tangible and paper gold assets can help meet your long-term investment objectives.
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