ISLAMABAD: After a continuous decline of more than Rs30 thousand during June, the per tola price of 24 karats of gold turned to an upward trend as on Monday it witnessed an increase by Rs 800 and was available in the market at Rs.209,000 against its sale at Rs.208,200 the previous day.
According to All Sindh Sarafa Jewellers Association, the price of 10 grams of 24 karats of gold also went up by Rs.686 to Rs.179,184 from Rs. 178,498, while the rate of 10 grams of 22 karats of gold increased to Rs.164,252 from Rs. 163,623.
The price of per tola and ten-gram silver remained unchanged at Rs 2480 and Rs 2,126.20 respectively.
Gold Price in International Market
Unlike the local market, the price of the precious metal in the international market experienced no change and was settled at $1925.
The Gold price in the local market remained volatile, particularly from March till May 2023 when it reached to highest ever Rs 2,40,000 in the first quarter of May and slide down to below Rs,206,000 in the last week of June. However slight devaluation in the local currency in a couple of days took the price of the precious metal into the upward trend again.
