ISLAMABAD: After observing an increase of over Rs 3,000 during the last two working sessions, the per tola price of 24 karats of gold witnessed further surge on Tuesday in Pakistan and increased by Rs.800 to reach Rs 218,400 against its previous day’s price of Rs 217,600.
Meanwhile, according to All Sindh Sarafa Jewellers Association, the rates for the 10 grams of 24 karats of the precious metal went up by Rs 686 to close at Rs 187,243 from its last day rates of Rs186,557 whereas the Price of 10 grams of the 22 karats of the yellow plate increased up to Rs 171,640 from its last day price of Rs 171,010.
However, the Price of per tola and ten grams of the white plate (silver) remained constant at Rs.2,620 and Rs.2,246.21, respectively.
Gold Price in International Market
Like the local bullion market, the rates for the precious metal in the international market also witnessed a slight increase and went up by $3 to settle at $2,033 per ounce against $2,030 the last day.
The Price of the yellow plate in the local bullion market is usually influenced by the rates in the international market and sometimes due to the depreciation of the local currency. The last three days also witnessed a slight devaluation of the Pakistani Rupee by Rs0.51 against the dollar, which influenced the price of gold in the local market.
