Karachi: The Pakistani gold market experienced strong gains when 24K gold hit Rs. 287,700 per tola because of worldwide economic concerns. The market showed increases with 22K at 263,723, 21K at 251,738, and 18K at 215,775 rupees per tola alongside equal jumps in per gram and per ounce prices. Global investors turn to gold as their preferred investment because forex markets keep changing and inflation grows.
Before weddings begin the jewelry market in this area sees rising prices because of the tax hike. Market watchers expect more market variations ahead so investors and dealers must retain their alertness.
We welcome your contributions to The Pakistan Observer, Submit your blogs, articles, press releases, news story pitches and news features.
Please send your submissions to our News Room or Editorial team.
