ISLAMABAD: After a significant decrease last week, the per tola price of 24 karats of gold witnessed an increase of Rs 400 to settle at Rs 217,200 in Pakistan on Monday against its sale at Rs 216,800 on last trading day.
Meanwhile, according to All Sindh Sarafa Jewellers Association, the rates for the 10 grams of 24 karats of the precious metal went up by Rs 343 to close at Rs 186,214 from its previous day’s price of Rs 185,871 while the price of 10 grams of the 22 karats of the yellow plate increased to Rs 170,696 from its previous day rates of Rs 170,382.
Like the previous day, the price per tola and ten grams of the white plate (Silver) remained unchanged at Rs 2,670 and 2,289.09, respectively.
Gold Price in International Market
Like the local bullion market, the rates of the yellow metal in the international market also witnessed an increase and went up by $3 to reach $2,043 per ounce from its previous price of $.2,040 per ounce.
The price of precious metal in the local bullion market is mostly influenced by the rates in the international market and sometimes due to the change in the value of the local currency. The last couple of days witnessed a slight decrease in US currency against Pakistani rupee, affecting the local bullion market. However, on Monday, the rates at the local market went up due to the increase in the international market.
