On Tuesday, the price of gold in Pakistan reached a new record high after rising by Rs 4,500 in a single session.
The price of gold increased by Rs4,500 per tola to settle at Rs182,700, according to data made public by the All Pakistan Sarafa Gems and Jewellers Association. The cost of gold per 10 grammes increased by Rs3,858 to reach Rs156,636.
The price of gold increased by Rs4,500 per tola to settle at Rs182,700, according to data made public by the All Pakistan Sarafa Gems and Jewellers Association. The cost of gold per 10 grammes increased by Rs3,858 to reach Rs156,636.
Official data indicates that the price of gold in Pakistan is currently “overcost,” which means that the Pakistani gold market is currently more expensive than the global market.
The price of silver also rose by Rs30 to Rs2,050 a tola, setting a new record for the nation. Additionally, the cost of 10-gram silver increased by Rs25.72 to Rs1,757.54.
imports of gold have increased by 26.43% during the past five months.
According to data from the Pakistan Bureau of Statistics (PBS), the amount of gold imported during the first five months of the current fiscal year grew by 26.43% compared to the same period last year.
According to the data, gold imports from July through November of 2022–23 were $11.172 million, up from $8.837 million from July through November of 2021–22.
Pakistan imported 193 kg of gold during the months under review, a 30.41% increase over the 148 kg imported during the same period last year.
