ISLAMABAD: The per tola price of 24 karats of gold went up by Rs 700 and was sold at Rs 241,000 on Tuesday compared to its sale at Rs 240,300 on the last trading day.
Meanwhile, according to the All Sindh Sarafa Jewellers Association, the rates for 10 grams of 24 karat gold also increased by Rs 600 to Rs 206,619 from Rs 206,019 whereas the price of 10 grams 22 karat gold went up to Rs 189,400 from Rs 188,850.
The price of per tola and ten-gram silver remained stable at Rs 2,820 and to Rs 2,417.70 respectively.
Gold Price in International Market
The price of the precious metal in the international market also increased by $10 to $2,336 from $2,326, the Association reported.
Earlier, during the last several months, the international market registered a historic record high price for the yellow metal at $2450 per ounce.
The international market for the yellow plates remained highly volatile recently due to a number of reasons including investment from the Chinese investors (two months before) as their stock market went down and they opted to invest in the safe heaven.
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Meanwhile, a number of private banks in the US also opted to invest in gold taking its price first above $2300 and then even above $2400 per ounce.
However after a continuous increase during the last couple of weeks, followed by the involvement of Chinese investors price of the precious metal jumped again crossing $2400 per ounce and reaching a new historic high of $2450 per ounce.
