ISLAMABAD: After a rapid increase in the international market, amid several reasons, the per tola price of the 24 karats of gold witnessed a further increase and went up by Rs 1,600 to settle at Rs 230,200 on Saturday against Rs 228,600 last day.
Meanwhile, according to All Sindh Sarafa Jewellers Association, the rates for the 10 grams of 24 karats of the precious metal also went up by Rs 1,372 to settle at Rs 197,360 from the last day rates of Rs 195,988 whereas the rates for the 10 gram 22 karats of the yellow plate increased to Rs 180,913 from the previous day price of Rs 179,655.
However, the price of per tola and ten grams of white gold (silver) remained unchanged at Rs 2,600 and Rs 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 observed continuous increases for the last couple of days and recently went up by $18 to settle at $2,198 from the previous day’s price of $2,180.
One of the major reasons for the increase in the gold price in the international market is the continued buying of gold from Chinese investors as due to the shrinking of the real estate and construction sector they turned to the safe haven.
During the last couple of days, gold prices went up by over $70 per ounce. The Price for the yellow metal in the local bullion market is mostly affected by the rates in the international market.
