ISLAMABAD: After going down for more than Rs 5000 last day, the price of the precious metal increased again on Friday, as the per tola price of 24 karats of gold went up by Rs1,800 and was available in the market at Rs.222,900 compared to Rs.221,100 the previous day.
Meanwhile, according to All Sindh Sarafa Jewellers Association, the price of 10 grams of 24 karats of gold also witnessed an increase by Rs.1,542 to settle at Rs.191,100 from its last day price of Rs. 189,558 whereas the price of 10 grams of 22 karats of gold increased to Rs 175,176 from Rs.173,761,
Unlike the yellow plate, the price per tola for the white plate (silver) went down by Rs150 to Rs.2750 whereas that of ten-gram silver decreased by Rs.128.6 to Rs.2,357.68.
Unlike the local market, the price of the precious metal in the international market went down by $12 per ounce to settle at $1,966 from the last-day price of $1978.
Volatile Gold Price in Pakistan
The country’s bullion market remained volatile for the last few months due to ongoing financial and economic unrest. The recent deal with the IMF had influenced the price, where the precious metal was available at Rs2,4,500 in mid-July, however, the following days witnessed a sharp increase in the price.
