Karachi : December 30, 2022:Gold rate is on gain spree again. In major Sarafa (gold) markets of Pakistan , gold jumped to Rs 183, 550 for 24 karat per tola in Karachi. The rate of 10 gram of 24 karat gold in Karachi today is Rs 157370. Gold rate of 22 karat gold per tola today in Karachi is Rs 168253 and rate of 21 karat gold per tola in Karachi today is Rs 160606.
Gold rate in different cities of Pakistan varies. Today gold rate for 24 karat per tola in Karachi is Rs 183550. In Lahore gold rate of 24 karat gold per tola is Rs 183610. In Islamabad market gold rate of 24 karat per tola is Rs 183670. In Quetta, gold rate of 24 karat per tola is Rs 183780 and In Peshawar , gold rate of 24 karat per tola today is Rs 183740.
In international market , gold is also on gaining mode . Its today rate in international market per ounce is $ 1817.30 . It shows an increase of $ 1.90 over the last day rate in international market. Silver rates in international market has also increased slightly. Its today rate in international market $ 23.89 . It shows an increase of $ 0.02 over its last day price.
Gold is shining more than any other metal or currency even in Pakistan for the last quite time. There is two basic reason of continued increase in gold prices. Frist, recently, there is much higher demand of gold in local market and second devaluation of the rupee to US dollar . The investors say there is third factor as well which is a main cause of unprecedented increase in gold prices in Pakistan. This third factor, according to the investors, is gold smuggling from Pakistan to Afghanistan like US currency.
In recent times, gold rates has touched highest level in Pakistan. In outgoing month of December which is a season of weddings and it subsequently push up gold rates in Pakistan. But this time the phenomenon is much more than the past years. Pakistan market forces are being run by smuggling factor.
During the last half a year, Afghanistan based Indian network is buying dollar from Pakistan and smuggling it to Afghanistan at will.
This phenomenon is new to Pakistan. Afghan refugees are a headache for Pakistan for around four decades but the way they are now operating for India to damage Pakistan economically and otherwise is unthinkable.
Pakistan is in hot waters as it can not throw Afghans out of Pakistan. Islamabad has its own priorities and at the same time it can not afford to ignore smuggling of currency and gold by Afghans led Indian network. Pakistan has to follow some novel way to handle the situation and foil Indian bid to weaken already frail Pakistan .