ISLAMABAD: The per tola price of 24 karatS of gold witnessed an increase for the second consecutive day and went up by Rs 2,700 to settle at Rs223,400 on Friday against its sale at Rs220,700 last day.
According to All Sindh Sarafa Jewellers Association, the price of 10 grams of 24 karats of gold also went up by Rs 2,315 to Rs 191,530 from Rs 189,215 while the price of 10 grams of 22 karats of gold increased to Rs 175,569 from Rs 173,447,
The per tola white plate price went up by Rs 100 to close at Rs 2650 while that of ten grams of silver appreciated by Rs 85.73 to close at Rs 2,271.94.
Like the local market, the price of the precious metal in the international market also increased by US$ 36 to $1965 compared to its sale at $1929 last day.
Fluctuation in Gold Price
The price of gold witnessed a huge decline in Pakistan during the last two weeks, except for the last two days. Since the 1st of June, the precious metal observed a total decline of more than Rs 14,000. However in April and May the local bullion market witnessed a significant increase in the price, till it reached a historic high of Rs 2,40,000. Bullion experts fear the increase in the last two days might take the rates again to the highest price recorded in April and May
