Gold Prices register increase in the market
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In the international market, the gold price experienced a slight increase of $7, settling at $1,892 per ounce.
In Pakistan the gold prices witnessed marginal decrease of Rs 100. However earlier the daily issuance of gold rates was temporarily halted due to a crackdown by law enforcement agencies on the gold mafia, speculators, and smugglers.
However, the All Pakistan Gem and Jewellers Association resumed the release of gold rates a day earlier after a month-long suspension.-In their latest announcement, the association quoted the rate of one tola at Rs215,000 and Rs184,585 for 10 grammes on September 12, reflecting an increase of Rs5,600 and Rs5,058, respectively, from September 11.
Since then, the price of 24-carat gold has dropped by Rs15,500 per tola and Rs13,546 per 10 grammes.
