Pakistan Gold Price
Pakistan gold prices reach all-time high
Islamabad: Price of 10 gms of gold in Pakistan reached an all-time high of Rs127,143 in the local market, media reports said.
The one-tola gold price touched Rs148,300.
The gold price showed a jump of Rs1,714 and Rs2,000 respectively.
Rates issued by the All Sindh Saraf Jewellers Association (ASSJA) mentioned a rise of only $2 per ounce to $1,730. But the domestic rates have been adjusted upwards owing to a record fall in the rupee’s value against the dollar, which traded at Rs229.88 in the interbank market on Monday, reports Dawn News.
ASSJA President Haji Haroon Rasheed Chand told Dawn News the fixed tax has created uncertainty among gold jewellers.
He said the threshold of 1,000 square feet of shop space has been maintained for general retailers. All general retailers, other than those belonging to Tier-1, will pay reduced fixed charges at Rs3,000-Rs10,000 as per their electricity consumption.
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