Significant rise in int'l gold prices affects Pakistani market as well
Business
Price of gold soared by $ 10 in international markets, reaches up to $ 1967 per ounce
KARACHI (Dunya News) –Following the upward trend of gold prices in international markets, the rates of gold increased in local markets as well. The recent few weeks have been observed to be unstable in terms of gold prices at international level, the trickledown effect of these disturbances in international markets led to varying prices of gold in Pakistani markets.
The per ounce price of gold in international markets rose by ten dollar and reached up to $ 1967 which also induced a price rise in local gold markets. The per-tola prices increased by Rs.2300, whereas 10gm gold prices soared by Rs.1973 in the local gold markets.
After the international price hike, the new per-tola gold price stood at Rs.207900 and 10gm gold prices were observed to be at Rs.178241.
However, the price of silver remained unchanged and it was traded at Rs.2250 per-tola and Rs.1929 for 10gm silver.
