ISLAMABAD: The per tola price of 24 karat gold jacked up by Rs.1,100 and was sold at Rs. 244,400 on Friday compared to its sale at Rs. 243,300 on the last trading day.
According to the All Sindh Sarafa Jewellers Association the price of the precious metal has increased by 9 dollars to 2,364 dollars per ounce in the international market.
It said the price of one tola of gold has increased by Rs.1,100, after which it has become 244,400 rupees per tola. It added the price of one tola of silver remained unchanged at Rs.2,850.
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.
