ISLAMABAD: After a significant increase last day, per tola price of 24 karats of gold witnessed a slight decline of Rs 100 and was available in the market at Rs 237,200 on Tuesday compared to its sale at Rs. 237,300 on Monday.
According to All Sindh Sarafa Jewellers Association price of 10 grams of 24 karats of gold also went down by Rs 85 to Rs 203,361 from Rs 203,446, while the price of 10 grams of 22 karats of gold decreased to Rs 186,414 from its previous sale at Rs 186,493.
However, the price per tola and ten grams of silver remained unchanged and settled at Rs 2900 and Rs 2486.28, respectively.
Gold Price in International Market
The association reported that the price of gold in the international market went down by US$ 13 to $1959 against $1972 the previous day. The slight downfall of the prices in the international market was attributed to the stronger position of the greenback.
On the contrary, the increase in prices in the local market for the last couple of months was due to several reasons, including high inflation, devaluation of the Pakistani rupee, uncertain status with the IMF, and other financial and political aspects.
