Gold Price Breaks the Previous Records by Hitting Rs. 195,000 Per Tola

NewsToday: After the increase in dollar price, the gold price also increased by 4900 rupees. The gold price has broken previous records by making new history. The current value is 1,95,500, while the cost of 10 grams of gold expanded by 4201 rupees to the amount of 1 lakh 67 thousand 610 rupees. A dollar increase of 11 dollars brought the price of gold per ounce globally to 1936 dollars.In the bullion market yesterday, one tola reached a high of Rs 1 lakh 90 thousand. The gold price in the international market decreased by 13 dollars to 1926 dollars, according to the Supreme Council Jewelers Association. A tola now costs 190 thousand 600 rupees at the local market, up by 1300 rupees. In the interbank market, the dollar cost increased today to Rs 262.

The price of gold will remain increasing until the agreement of Pakistan with the IMF does not occur. The price is rising due to the strict condition of International monetary fund conditions for releasing loans to Pakistan. The loan agreement between Pakistan and IMF was around 4 billion dollars. Some payments are made, and some are delayed until the next meeting.

Sabahat Abid


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