Gold Rate in Pakistan Breaks All Records to Hit New All-Time High

The price of gold in Pakistan rose by Rs. 2,500 per tola on Saturday on the back of small gains seen on Friday and once again hit an all-time high level. According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) rose by Rs. 2,500 per tola to hit Rs. 260,200, while the price of 10 grams was up by Rs. 2,144 to Rs. 223,080. The Sarafa Association said that the price of gold in the local market has been kept Rs. 4,500 per tola below its actual cost. In the international market, spot gold climbed 3.1 percent to 2,507 per ounce this week. 24-carat silver rose by Rs. 50 per tola to Rs. 2,950 while the rate of 10 grams was up Rs. 43 per told to Rs. 2,529 on Saturday.