ISLAMABAD: The gold price in the local market continued its upward trend for the last couple of days, and the per tola price of 24 karats of gold witnessed an increase of Rs 2000 on Monday and was settled at Rs 237,300 per tola against Rs. 235,300 the previous day.
According to All Sindh Sarafa Jewellers Association, the price of 10 grams of 24 karats of gold also went up by Rs 1,714 to Rs 203,446 from Rs 201,732, while that of 10 grams of 22 karats of gold was sold in the market at Rs 186,493 against Rs. 184,920 last day.
Meanwhile, per tola price of silver increased by Rs 50 to settle at Rs 2900, and the price of 10-gram silver also increased by Rs 42.87 to Rs 2486.28.
Gold Price in the International Market
On the contrary, the price of precious metals in the international market went down and witnessed a decrease of US$ 05 to settle at $1972 compared to $1977 last day.
Despite the decrease in the international market, the price of the yellow plate in the local market went up. Bullion experts believe it is a challenging situation for the country in the context of the ongoing financial crises and devaluation of the local currency.
A couple of weeks before, gold price reached its historic high of Rs 240,000 per tola in the local market.
