KARACHI: The All Sindh Sarafa and Jewellers Association (ASSJA) has said the price of gold per tola has risen by Rs2,000 on Wednesday.
As per details, with the increase of Rs2,000, gold is now priced at Rs105,100 per tola, whereas the price of 10 grams of gold shot up to Rs1,715 to Rs90,106. On the other hand, the international gold price has gone up to $20 an ounce to $1,777.
The risk of a further rise in prices is likely to happen according to global economists. This change in the market is mainly due to the COVID-19 pandemic and tensions between India-China as the supply of crude oil and gold affected.
June gold futures prices rose 0.7 percent to Rs 45,830 per 10 gram on the Multi Commodity Exchange (MCX), against a gain of Rs650 per 10 gram in the previous session. July silver futures edged 0.44 percent higher at Rs 41,780 per kg.
Gold had risen 18 percent last year as the China-US trade dispute increased demand for the safe-haven amid interest rates cuts by the US central bank.
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