Gold price increases by Rs6,200 to Rs221,000 per tola
On Tuesday, the gold price in Pakistan experienced a significant increase, aligning with the international market trends and the depreciation of the Pakistani rupee.
The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported that the price of 24-carat gold rose by Rs6,200 per tola and Rs5,316 per 10 grammes, reaching Rs221,000 and Rs189,472 respectively.
Simultaneously, the global market witnessed a $10 rise in the price of gold, settling at $1,967 per ounce.
In contrast, the prices of silver per tola and 10 grammes remained unchanged at Rs2,650 and Rs2,271.94 respectively. The gold rate in Pakistan has shown volatility in recent times due to ongoing political and economic uncertainty, coupled with high inflation.
Read more: Pakistan’s current account surplus soars to $334 million in June
Furthermore, the Pakistani rupee displayed weakness against the dollar in the interbank market on Tuesday, depreciating by Rs3.78, as per data from the State Bank of Pakistan.
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