News Desk
ISLAMABAD: After a continuous surge for the last couple of days the per tola price of 24 karat gold recorded another major increase of Rs7,000 on Friday and was traded all-time high at Rs202,500 as compared to its sale at Rs195,500, on Thursday.
Similarly, the price of 10 grams of 24 karat gold also witnessed an increase of Rs6,000 to Rs173,610 against Rs167,610, while that of 10 grams of 22 karat went up to Rs159,144 from Rs153,642, All Sindh Sarafa Jewelers Association reported.
Meanwhile, the price of one tola silver appreciated by Rs50 to Rs2,200 whereas that of ten-gram silver increased up by Rs42.86 to Rs1,886.14.
However, the price of gold in the international market went down by US$6 to US$1,930 against its sale at US$1,936 on the last trading day, the association reported.
Continuous increase in gold prices
Despite decrease in the price of gold in the international market, its price increase in Pakistan was due to the sudden depreciation of Pakistani rupee against US dollar for the last couple of days, as the government and exchange companies have let dollar to free float. During the last two days, Pakistani rupee against dollar has depreciated about Rs32, resulting surge in the prices of gold.
On the previous day the gold prices in Pakistan witnessed an increase of Rs4,900 and reached to all-time high of over Rs 195,000. On Friday the subsequent increase took the price to above 200,000 rupees to mark another all time high in the history of the country.
