ISLAMABAD: Gold Price in Pakistan witnessed continuous fluctuation during the last couple of weeks, where the price went to both sides of the pendulum with slight changes as on Monday, the per tola price of 24 karats of the precious metal went down by Rs.200 and was sold at Rs.215,400 against its sale at Rs. 215,600 on last trading day.
According to All Sindh Sarafa Jewellers Association, the rates for the 10 grams of 24 karats of gold also went down by Rs.171 to settle at Rs.184,671 from its previous day price of Rs.184,842 whereas the price of 10 grams of 22 karats of the yellow metal decreased to Rs.169,282 from Rs. 169,439 on Saturday.
Like the previous couple of days, the price of per tola and ten grams of the white plate (silver) remained constant at Rs.2,600 and 2,229.08, respectively.
Gold Price in International Market
Like the local bullion market, the rates for the precious metal in the international market also witnessed a decline and went down by $6 to settle at $2,018 per ounce from its previous rates of $.2,024 per ounce.
The price of yellow metal in the local market is mostly influenced by the price in the international market and sometimes due to the depreciation of the local currency. The last couple of days witnessed a slight decrease of US currency against Pakistani rupee, affecting the local bullion market.
