Karachi May 10 2023: According to All Sindh Sarafa Jewelers Association (Pakistan), the price of gold per tola increased by PKR 7,200 per tola for 24 Karat on Wednesday (PST 17:20) to hit all-time high in the history of the country on political turmoil.
After this increase, the price of gold per tola in the country has reached all time high level of 2 lakh 40 thousand. Pakistan Rupee drops PKR 5.78 or 1.99 percent to end trading at all-time low of 290.22 in interbank against the greenback.
During the week the price of Gold increased by PKR 15,000 per tola.
The price of 24 karat 10 grams of gold trading at PKR 2 lakh 5 thousand 760, whereas that of 10 gram 22 karat went up to PKR 188,612, All Sindh Sarafa Jewellers Association reported.
However, in international market Gold prices eased on Wednesday, after rising in the previous two sessions, as the dollar firmed and investors positioned for April U.S. inflation data, which could have a bearing on the Federal Reserve's interest rate policy. Spot gold was down 0.3% at $2,029.09 per ounce by 1151 GMT, while U.S. gold futures lost 0.3% at $2,037.30.