ISLAMABAD: After a significant increase of Rs.2200 last day, the per tola price of 24 karats of gold witnessed a mild decrease by Rs.150 and was available in the market at Rs. 208,350 on Saturday compared to Rs.208,500 last day.
Meanwhile, According to All Sindh Sarafa Jewellers Association, the price of 10 grams of 24 karats of gold also went down by Rs.129 to settle at Rs.178,626 from its last day rate of Rs.178,755 whereas the price of 10 grams of 22 karats of the precious metal was decreased to Rs.163,741 from its previous day price of Rs.163,869.
The price of per tola and ten grams of the white gold (silver) witnessed no change and was settled at Rs.2,550 and Rs.2,186.21, respectively.
Gold Price in International Market
Like the local market, the price of the yellow metal in the international market also witnessed a slight decrease and went down by $7 to settle at $1,992 per ounce from its last-day price of $1,999.
During the last couple of days, the price of the precious metal in the international market recorded a continued surge; even on the last day, it went by $27 dollar per ounce, affecting the local bullion market in Pakistan.
In addition, the increase in the price in the international market is also attributed to the recent escalating Israel-Hamas conflict that drew investors to focus on investing in gold.
