ISLAMABAD: The price of gold reached a new record on Thursday after an increase of Rs1,100 per tola from the last day of trading in the domestic market.
According to the rates set by Sarafa and Jewelers Association, after the increase, the price of 24 karats of gold per tola rose to Rs203,500.
Similarly, the price of 10 grams of pure gold went up by Rs943 to Rs174,468.
Gold Price in International Market
The international market also witnessed increase in the price of the yellow plate with a jump of $2 per ounce to $1,926.
Experts say speculators were artificially inflating the market amidst what he called a phantom demand for excess gold.
