Karachi: After the increase in the price of gold in Pakistan, the price per tola has reached Rs 440,636. The price of precious metal has also increased in the local bullion market due to the increase in the price of precious metal in the global market.
According to the All Pakistan Bullion Gems and Jewelers Association, the price of gold per tola increased by Rs 2,800 on Friday. 10 grams of gold also became expensive by Rs 2,401, after which its price was recorded at Rs 377,774.
The price of gold per ounce in the international market has increased by $ 28 to $ 4,181. Changes in global rates are among the important factors for the local bullion market, however, the exchange rate of the Pakistani rupee and the dollar also affects local prices.
The increase in the price of gold may affect the budget of consumers buying jewelry. People buying gold for weddings and other events will now have to spend more money than before.
Gold is traditionally considered a means of saving and storing value, but due to its volatile price, it is important to confirm local rates before purchasing. Bullion market rates can change with changes in global prices, exchange rates, and local demand.
