Sunday, May 28, 2023

Gold Price Hit Historic High of RS. 218,300 Per Tola

There is a Rs. 600 per tola price rise for gold (24 carats) in Pakistan the new price of Gold per Tola is now RS. 218,300. The price of gold (24 carats) got up by Rs. 600 per tola and Rs. 514 per 10 kilos, according to data supplied by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA).

Pakistan’s gold price reached an all-time high and exceeded Rs 218,000 as the local currency declined to a historic low versus the US dollar and the nation failed to restore market confidence.

As economic tensions continued to escalate and the International Monetary Fund (IMF) reviewed external funding commitments from friendly countries before releasing saved funds, investors’ focus switched to the precious metal over the week.

Gold has been utilized in many different ways throughout human existence, including as currency,¬†valued assets, jewelry, and other items for ages. According to science, it’s valuable for women to wear gold jewelry.

Women in the nation may delay their gold jewelry purchases.

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