ISLAMABAD: The price of 24 karat gold per tola experienced an increase of Rs 1,500 and was available in the market at Rs 226,800 on Saturday, compared to its previous day’s rate of Rs 225,300, as reported by the All Sindh Sarafa Jewellers Association.
Meanwhile, the price of 10 grams of 24 karat gold also went up by Rs 1,286 to settle at Rs 194,444 from its previous day’s price of Rs 193,158. Additionally, the price of 10 grams of 22 karat gold increased to Rs 178,240 from its earlier rate of Rs 177,063.
Like the precious metal, the price of per tola white plate (silver) also increased by Rs 50 to Rs 2,800 whereas that of ten-gram silver recorded an increase by Rs 42.86 to settle at Rs 2,400.54.
Unlike local market, the price of the yellow plate in the international market went down by $5 to $1,889 per ounce from its last day price of $1,894, the association reported.
Fluctuation in God Price
The local market remained highly volatile due to recent economic and political unrest. As a result, the price of the precious metal went to its highest ever at Rs 240,000 per tola on May 10, 2023. However, from the first week of June, the price declined, reaching Rs 204,500 per tola in the middle of July. The recent devaluation of the local currency has led to an increase in the price of the precious metal.
