Karachi September 15 2022: According to Sindh Sarafa Jewelers Association, the price of gold per tola has been increased by Rs 150 ignoring significant decline in prices of gold in international market.
After this increase, the price of gold per tola in the country has reached 1 lakh 55 thousand 800.
The price of 10 grams of gold increased by Rs 128 to Rs 1 lakh 33 thousand 616.
In the global market, the price of gold decreased by 18 dollar per ounce to 1,686 dollars per ounce.
Gold fell to the lowest since April 2020 amid expectations of more aggressive interest-rate hikes by the Federal Reserve despite a fresh round of mixed US data.
Gold has slid almost 8.8% this year as the Fed aggressively raises rates, which diminishes the appeal of assets that bear no interest. The dollar’s advance has also pressured the metal, though increasingly hawkish rhetoric by European Central Bank officials is containing its rally.
