A globally sharp rise in gold prices also felt in the local barter markets

Syed AhadWeb Editor

05th Sep, 2021. 09:13 pm
gold

The negative effects of rising gold prices in the global market were also felt in the local barter markets.

The demand for it increased during trading in the bullion market, which led to a rise of 12 12.

After the recent increase, the price of it per ounce reached 27 1827.

Due to the increase in the international market, the price of it in the local barter markets of Pakistan increased by a total of Rs. 2,322.

According to Muhammad Arshad, chairman of the All Pakistan Jewelers Manufacturers Association, the price of it rose by Rs 1,250 per tola in Pakistan.

He said that similarly, the price of ten grams increased by Rs.1072 due to which the price reached Rs.96,279. Bargain markets in Karachi, Hyderabad, Sukkur, Multan, Lahore, Faisalabad, Islamabad, Rawalpindi, Peshawar, and Quetta traded at the new rates.

 

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