d decisions when it comes to buying or selling gold.

Remember that while monitoring chandi rates is crucial for investment purposes, purchasing jewelry made of this precious metal holds its own sentimental value beyond monetary considerations. So whether you’re investing for profit or adorning yourself with beautiful ornaments, keeping an eye on the ever-changing landscape of gold prices will ensure that your decisions align with both your financial goals and personal taste preferences

How has the price of gold changed in Pakistan over the past year?

Over the past year, the price of gold in Pakistan has experienced significant fluctuations. These fluctuations can be attributed to various factors that affect the global gold market.

In the beginning of the year, the price of gold per tola was relatively stable. However, as the COVID-19 pandemic spread across the world and created uncertainty in financial markets, investors turned to gold as a safe-haven asset. This led to an increase in demand for gold and subsequently drove up its price.

As governments around the world implemented stimulus packages and central banks lowered interest rates to stimulate economic growth, inflationary concerns began to rise. Inflation erodes purchasing power and increases demand for alternative investments like gold. Consequently, this further pushed up gold prices.

Moreover, geopolitical tensions between major economies also played a role in driving up the price of gold. Trade disputes between China and the United States, Brexit uncertainties, and political unrest in certain regions all contributed to increased investor interest in gold as a hedge against volatility.

However, towards the end of last year, with positive news regarding vaccine development and hopes for economic recovery increasing, there was some downward pressure on gold prices. As optimism grew about returning normalcy post-pandemic, investors shifted their focus away from safe-haven assets like gold towards riskier investments such as stocks.

Though، despite these fluctuations over time، it is clear that overall trend remained upwards throughout most part oًf 2021 due tơo prevailing uncertainties both globally và domestically.

What factors affect the price of gold in Pakistan?