Gold price touches new all-time high of Rs178,800 per tola

KARACHI – The price of a single tola of 24-karat gold in domestic market touched all-time high level of Rs178,800 after registering an increase of Rs3,900 on Tuesday.

The price of 10 grams of the yellow metal rose to Rs153,292 after an increase of Rs3,344. The commodity also registered gained in the international market where it jumped by $12 to $1,808 per ounce.

Gold prices have soared by Rs52,800 per tola and Rs45,096 per 10 grams since Jan 1 when rates stood at Rs126,200 and Rs108,196, respectively.

A member of the Sarafa association told media that gold hoarding caused whooping surge in prices. He asked the finance minister to take measures to curb the illegal practice. 

Meanwhile, the price of per tola silver also witnessed an increase of Rs20 to reach Rs2,050 per tola in the domestic markets.

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