10 Grams Gold Price History (1965-2024) & Market Trends

1. What has been the historical trend of gold prices for 10 grams from 1965 to 2024?

Gold prices for 10 grams have shown significant fluctuations over the decades, influenced by inflation, geopolitical events, and economic policies. From 1965 to the early 2000s, prices rose steadily but surged post-2008 due to global financial crises. Recent years (2020-2024) saw record highs amid pandemic-driven uncertainty and inflation.

2. Why are gold prices rising nationwide, and what fuels the demand?

Gold demand is rising due to:- Economic instability: Investors flock to gold as a safe-haven asset during recessions or market volatility.- Inflation hedging: Gold preserves value when fiat currencies weaken.- Central bank purchases: Countries like India and China increase gold reserves to diversify assets.- Jewelry and ETFs: Cultural demand (e.g., weddings in India) and investment products drive consumption.

3. How are global economic turmoil and Pakistan's market affecting gold prices?

In Pakistan and other emerging markets, gold prices spike during:- Currency depreciation: A weaker rupee or dollar raises local gold costs.- Political unrest: Turmoil increases demand for gold as a stable store of wealth.- Import policies: Tariffs or supply constraints (e.g., KGF mining issues in India) can inflate prices.