ISLAMABAD: After witnessing a downward trend for two days, the price of the precious metal is experiencing an upward trend again for the second consecutive day as per tola price of 24 karats of gold witnessed an increase by Rs 1100 and was available in the market at Rs 235,100 on Monday.
Last Friday, the prices also recorded an increase of about Rs 4000 and reached Rs 234,000. During the previous week, the yellow plate reached its highest price of Rs 2,40000 per tola; however, the following two days recorded a major decrease of Rs 10,000. But the last two days took the price up again.
The price of 10 grams of 24 karats of gold also increased by Rs 943 to Rs 201,560 from Rs 200,617, while that of 10 grams of 22 karats of gold surged to Rs 184,764 from Rs 183,900.
The price of per tola silver recorded an increase by Rs 100 to close at Re 3000, and that of ten-gram silver also went up by Rs 85.72 to Rs 2572.
Gold Price in International Market
Like the local market, the demand for the precious metal also influenced the international market, where the price of yellow plate went up by $5 to close at $2015 from $2010, reported by All Sindh Sarafa Association.
Bullion experts believe the price in the international market, the interest of the investors, and current political and financial unrest in the country contributed to the rapid increase in gold price in Pakistan.
