KARACHI: The price of 24 karat per tola gold witnessed an increase of Rs1200 per tola and was sold at Rs147,100 on Thursday against its sale at Rs145,900 the previous day in the local market.
The price of 10 gram 24 karat fold also increased by Rs1029 and was sold at Rs126,115 against its sale at Rs125,086 whereas the prices of ten gram 22 karat gold also went up to Rs115,605 against its sale at Rs114,662, All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten gram silver remained stagnant at Rs1540 and Rs1320.30 respectively.
The price of gold in international market increased by $18 and was sold at $1764 against its sale at $1746, the association reported.
Read more: Rupee slides by Rs.1.03 against US dollar in interbank
Meanwhile, the PKR continued to lose its value with analysts attributing the fall to a higher demand for dollars, particularly by travellers flying to the United Arab Emirates.
According to the State Bank of Pakistan (SBP), the local currency closed at Rs219.41 per dollar in the interbank market — a depreciation of Rs1.03 or 0.47 per cent.
In the open market, the rupee was being traded at Rs228 per dollar around 4:40pm, data shared by the Forex Association of Pakistan showed.
