ایک تولہ سونے کی قیمت ایک لاکھ اور دس گرام کی چھیاسی ہزار سے تجاوز کر گئ۔
One tola and 10 gram gold price in Pakistan reached a peak of 100400 and 86076 rupees respectively on Tuesday, 14th April 2020.
There was a gain of Rs700 and Rs600 in per tola and 10 gram prices from Monday. The local bullion body continues to issue “prices only for idea” since the shutdown of local markets due to Covid-19 lockdown.
All Sindh Saraf Jewelers Association quoted world gold price of $1721, up $31 per ounce from Monday.
President ASSJA, Haroon Rashid Chand said the association is updating local rates based on world markets where bullion is being traded.
“Weekly and monthly verbal dealings are being made among bullion traders all over the country” he claimed.
The association is also trying to create price awareness among the consumers so that they can be cautious during gold dealings, Chand said.
Jewelers are certainly feeling the pinch of trade loss. Advance orders for wedding sets which were placed prior to Ramadan, are down considerably.
Chairman All Pakistan Jewelers Association, Mohammad Arshad said online gold trade is thriving in world markets as the yellow metal is considered a safe haven in troubling times.
“However, in Pakistan, online gold trade is hardly one or two per cent. Trading is done in less than five grams instead of one tola or up,” Arshad said.
He added that there is a possibility, that some small gold processing factory owners are dealing in online trading due to their social circles.