Staff Report
ISLAMABAD: The per tola price of 24 karat gold recorded an increase of Rs 950 on Monday and was traded at Rs188,150 as compared to Rs187,200 on the previous trading day reaching a record high. A couple of weeks before prices reached Rs187400 with a little decline later.
As per reports by the All Sindh Sarafa Jewelers Association, the price of 10 grams of 24 karat gold also witness an increase of Rs 814 to Rs 161,308 against Rs160,494, while that of 10 grams of 22 karat increased to Rs147,866 from Rs147,119,
The price of one tola silver also appreciated by Rs20 to Rs2,100 while that of ten grams increased by Rs17.15 to Rs.1,800.41 respectively.
Gold Prices at the international market
Meanwhile, the gold price in the international market decreased by US$3 to US$ 1,924 against its sale at US$1,927 on the last trading day, as reported by the association.
Usually, when the price at the international market goes up, it has the same impact on the local markets in Pakistan. However, despite the decrease in the international market, the prices went up in Pakistan, mainly because of the depreciation of the Pakistani Rupee against the dollar and the uncertain economic situation in the country.
