Gold prices in Pakistan register further increase

Gold prices in Pakistan register further increase

Gold price in Pakistan saw another huge increase of Rs1400 per tola as looming uncertainty in the wake of the current political situation in the country sparks bullion’s appeal.

Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of the 24-karat gold rose by Rs1,400 per tola and Rs1,200 per 10 grams to settle at Rs152,400 and Rs130,658, respectively.

Cumulatively, the precious commodity has gained Rs6,000 per tola during the last five sessions.

Similarly, the price of 10 grams of 22-Karat gold reaches Rs119770

In the international market, the price of the yellow metal declined by $12 per ounce settling at $1,651 as the dollar rose.

The precious commodity's rates in Pakistan are around Rs1,000 below the cost compared to the rate in the Dubai market.

Meanwhile, silver prices in the domestic market remained unchanged at Rs1,580 per tola and Rs1,354.60 per 10 grams.