ISLAMABAD: The per tola price of 24 karat gold increased by Rs.1,000 and was sold at Rs.243,300 on Thursday compared to its sale at Rs. 242,300 on the last trading day.
Meanwhile, according to the All Sindh Sarafa Jewellers Association the price of 10 grams of 24-karat gold also surged by Rs.857 to Rs.208,590 from Rs. 207,733 whereas that of 10-gram 22-karat gold increased to Rs.191,207 from Rs. 190,422.
The price of per tola and ten-gram silver remained stable at Rs.2,850 and Rs.2,443.41 respectively.
The Association reported the price of gold in the global market increased by $10 to $2,355 from $2,345.
Earlier, during the last several months, the international market registered a historic record high price for the yellow metal at $2450 per ounce.
The international market for the yellow plates remained highly volatile recently due to a number of reasons including investment from the Chinese investors (two months before) as their stock market went down and they opted to invest in the safe haven.
Meanwhile, a number of private banks in the US also opted to invest in gold taking its price first above $2300 and then even above $2400 per ounce.
