KARACHI, Jan 28 (DNA): With the price of dollar left uncapped, it seems
that it has given other precious items free reign as well with gold
rising further on Saturday to an unprecedented value.
According to data released by the Sarafa Bazaar Association chief Al-Haj
Haroon Rasheed Chand on Saturday, a tola (11.6 grams) of 24 karat gold
rose by Rs6,500 on Saturday to a value of Rs209,000.
Similarly, the price of 10 grams of 24 karat gold rose by Rs5,574 on
Saturday to Rs179,184.
The price of 10 grams of 22 karat gold – which is mostly used to make
jewelry, rose by Rs5,108 to Rs164,252. In the international market, the
price of an ounce of 24 karat gold fell by $2 to $1,928.
Meanwhile, the over cost in Dubai gold rates shot up to Rs5,000 on
Saturday. The price of silver also rose to a new record on Saturday. A
tola of 24 karat silver increased by Rs100 to Rs2,300.
Similarly, the price of 10 grams of 24 karat silver increased by Rs85.74
In the international market, the price of an ounce of 24 karat silver
remained unchanged at $23.60.