Business
Gold price in Pakistan records major increase
In the International market, the price of pure gold of 24 karats decreased by $2 per ounce to $1905 per ounce, as reported by the association.
Karachi: The gold price in Pakistan on Wednesday witnessed a major increase in line with the international market and depreciation of Pakistani Rupee.
The Gold price in Pakistan increased by Rs.900 per tola.
As per the information provided by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the cost of 24-carat gold experienced an increase of Rs.900 per tola, reaching a value of Rs. 223,800.
Similarly, the price of 10 grams of 24-karat pure gold increased by Rs771 and traded at Rs191,872 per 10 grams.
In the International market, the price of pure gold of 24 karats decreased by $2 per ounce to $1905 per ounce, as reported by the association.
Meanwhile, the yellow metal of 22 karats of gold which is usually used for jewellery making, sold at the rate of Rs175,883 per 10 grams.
On the other hand, the price of 24 karat silver per tola and 10 grams also remained the same at Rs2,750 and Rs2,357.68 respectively.