The price of 10 gram 24 karat gold also increased by Rs 1715 to Rs 106,310

ISLAMABAD (Dunya News) – The price of 24 karat per tola gold witnessed an increase of Rs 2000 and was sold at Rs 124,000 in the local market on Thursday against its sale at Rs 122,000 the previous day.

The price of 10 gram 24 karat gold also increased by Rs 1715 to Rs 106,310 against its sale at Rs 104,595 whereas that of and 10 gram 22 karat went up to Rs 97,451 from Rs 95,880.

The price of per tola and ten gram silver remained constant at Rs 1440 and Rs 1234.56 respectively.

The price of gold in international market decreased by $2 and was traded at $1860 against its sale at $1862, the Jewellers Group reported.

Gold imports

The gold imports increased by 37.99 percent during the first four months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.

The gold imports during July-October (2021-22) were recorded at $5.626 million as compared to the imports of 2.364 million during July-October (2020-21), according to the data.

In terms of quantity, Pakistan imported 93 kilograms of gold during the period under review as compared to the imports of 39 kilograms last year, showing positive growth of 138.46 percent.

Meanwhile, on year-on-year basis, the gold imports witnessed an increase of 1.07 percent during the month of October 2021 as compared to the imports of the same month of last year. The gold imports during October 2021 were recorded at $1.322 million as compared to the imports of $1.308 million during last October.

On month-on-month basis, the gold imports during June 2021 increased by 0.76 percent as compared to the imports of $1.312 million in September 2021.

It is pertinent to mention here that the country’s total merchandise exports surged by 24.94 during the first four month of the current fiscal year compared to the corresponding period of last year.

The exports during July-October (2021-22) were recorded at $9.462 billion against the exports of $7.573 billion during July-October (2020-21).

On the other hand, the imports into the country also surged by 65.40 percent by growing from $15.176 billion last year to $25.101 billion during the current fiscal year, the PBS data added.