WEB DESK
A nominal increase in international prices saw the cost of a tola of gold rise to a new high on Monday, nearing a new psychological mark.
According to gold rates notified by Sarafa Bazaar Association Chairman Al-Haj Haroon Rasheed Chand on Monday evening, the cost of a tola of 24 karats pure gold rose by Rs2,200 on Monday. It touched a level of Rs174,900 – just Rs100 shy of the psychological barrier of Rs175,000.
Similarly, the price of 10 grams of 24-karat gold rose by Rs1,886 to come within touching distance of another psychological milestone – Rs150,000. The price of 10 grams of 24-karat gold on Monday was Rs149,948. The price of 10 grams of 22-karat gold rose to Rs137,453. In the international market, the price of gold rose by $3 to $1,796. Meanwhile, the over cost from prices of precious metals in Dubai rose from a standard of Rs2,000 to Rs4,000.
