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24K gold price surpasses 7,000 pounds
The price of 24-karat gold in the local market today increased by approximately 21 pounds, reaching 7,051 pounds per gram, surpassing the 7,000-pound mark for the first time, amid ongoing higher prices compared to mid yesterday. A 10-gram gold spike was valued at around 70,510 pounds, and 50 grams at approximately 352,550 pounds, while the price of an ounce (31.1 grams of 24-karat gold) was 219,286 pounds. The current price reflects the value of raw gold, with slight variations among traders depending on manufacturing costs and profit margins.
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