LAHORE MIRROR —Gold Prices in Pakistan Rise After a Week on Positive Note, Following Nominal Increase in International Market Rates.
The price of gold (24 carats) gained Rs1,600 per tola and Rs1,371 per 10 grams to settle at Rs214,800 and Rs184,156, respectively, said the press release issued by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) here on Monday.
Meanwhile, the price of the yellow metal gained $2 to settle at $1,957 in the international market today.
The gold rate has been volatile in Pakistan recently amid continued political and economic uncertainty, and high inflation. People prefer to buy gold in such times as a safe investment and a hedge.
According to market practice, local prices of gold usually go up on the rupee’s depreciation against the US dollar and declining prices of commodities in the international market.
