Karachi May 22 2023: According to All Sindh Sarafa Jewelers Association (Pakistan), the price of gold per tola incline on Monday to hover around all-time high.
After this increase of PKR 2,450 per tola, the price of gold per tola in the country has reached 2 lakh 37 thousand 700. Pakistan Rupee lost 74 paisa to end trading at 286.56 in interbank against the greenback but rupee lost 5 rupees in open market to trade at 305.15 (PST 20:20).
To recall, gold prices hit all-time high of PKR 2 lac 38 thousand on Wednesday May 10, 2023.
The price of 24 karat 10 grams of gold trading at PKR 2 lakh 3 thousand 790 rupees, whereas that of 10 gram 22 karat went up to PKR 186,806, All Sindh Sarafa Jewellers Association reported.
Moreover, in international market spot gold prices decline 0.2% to $1,972.60 per ounce by PST 20:20.
India withdrawing its highest value currency notes from circulation may push some consumers to buy precious metals and real estate, giving a temporary boost to Asia’s third-largest economy.