Gold price reaches a new high in Pakistan
Gold price reaches a new high in Pakistan!
On Thursday, the gold price saw an increase of Rs2500 per tola and with this increase, the price for 24-carat gold has reached Rs129,000 per tola.
The price of 22-carat gold has reached Rs118,250 per tola.
Meanwhile, the price for 21-carat gold has reached Rs112,875 per tola.
The increasing price of the precious metal comes in line with international markets due to rupee depreciation and record-high inflation in the US.
The price of gold in the international market rose by $38 firming close to the previous session’s near five-month high.
Bullion price in the international market rose by $38 firming close to the previous session’s near five-month high.
The yellow metal has recorded an increase of Rs11,700 per tola during the last seven days.
With a fresh increase of Rs3,300 per tola, the yellow metal has recorded an increase of Rs11,700 per tola during the last seven sessions, according to All Sindh Saraf and Jewellers Association (ASSJA).
A day earlier, the gold rate had closed at Rs125,800 per tola and Rs107,853 per 10 grams.
As per the gold dealer, a consistent price increase has negatively affected the already low demand for gold in the local market.
