KARACHI: Jan 12: Gold prices are showing mixed trend in Pakistan today. Per tola price of 24 karat gold in Pakistan today is Rs 179600. For 10 gram gold of 24 karat the price in Pakistan is Rs 153980.
The price of gold 24 karat per tola in different cities is as usual is different . In Karachi per tola price of gold of 24 karat is Rs 179500. In Islamabad the price of one tola gold of 24 karat today is Rs 185600. In Quetta, gold rate per tola of 24 karat is Rs 186280 and in Peshawar, the rate of per tola gold of 24 karat today is Rs 179600.
Gold prices in Pakistan my increase in coming days as the rupee-dollar parity is not showing an sign of stability in the local market. Since Pakistan is facing serious financial crisis making it hard for the economic team of the Shahbaz Sharif government to manage dollar availability for imports. Pakistani importers are under huge pressure. On one hand importers are facing short supply of their necessary imports to cater the needs of the market and on the other hand they are facing demurrages’ for stuck up consignments . The importers are forced to wait for their shipments as the banks are not clearing their shipments due to lack of dollars.
As long as this meltdown continues , Pakistan gold market can not witness stability.
