Business
Pakistan witnesses huge increase in gold prices
In the International market, the price of pure gold of 24 karats increased by $2 per ounce to $1917 per ounce.
Karachi: The Gold price in Pakistan increased by Rs.500 per tola on Friday.
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 500 per tola, reaching a value of Rs233,500.
Similarly, the price of 10 grams of 24-karat pure gold increased by Rs429 and traded at Rs200,189 per 10 grams.
Meanwhile, the yellow metal of 22 karats of gold which is usually used for jewellery making, sold at the rate of Rs183,506 per 10 grams.
In the International market, the price of pure gold of 24 karats increased by $2 per ounce to $1917 per ounce, as reported by the association.
On the other hand, the price of 24 karat silver per tola and per 10 grams also remained the same at Rs2,850 and Rs2,443.41 respectively.
Yesterday, as per the information provided by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the cost of 24-carat gold experienced a decrease of Rs1,500 per tola, reaching a value of Rs. 233,000.