The surge in gold prices is due to an increase in its international rates - OyeYeah News
The gold rate in Pakistan on Monday has hit Rs102,000 per tola, highest in the country’s history, according to the All Sindh Saraf and Jewellers Association (ASSJA).
The surge in gold prices is due to an increase in its international rates.
Gold on the international market has risen by 12 US dollars to $1,745 an ounce.
The price of gold per tola has increased by Rs1,300 while the price of 10 grams of gold has increased by Rs1,114.
Read More : Gold prices soar to record high
One tola of gold is available at Rs102,000 while 10 grams of gold is worth Rs87,448.
According to the Karachi Saraf Jewelers Association, the price of gold today is Rs8,000 less than in Dubai.
On Friday, the gold rates were the previous high at Rs100,700, when prices rose Rs1400, taking the total increase in the last three working days to Rs4,100.
On April 14 for the first time, the bullion prices in Pakistan surpassed Rs100,000 per tola but fell below that level after that.
Last week, gold prices breached that threshold again and the surge continues well into this week.
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