ISLAMABAD: After a decline in the previous sessions, the price of gold in Pakistan’s local market recorded a recovery on Saturday.
According to data shared by the All Pakistan Gems and Jewelers Association, the price of gold per tola increased by Rs 2,100 to Rs 273,400.
Similarly, the price of 10 grams in the local market increased by Rs 1,800 to Rs 234,396.
The international market also saw an increase in bullion rates where the per ounce rate increased by $ 21 to $ 2,622.
Meanwhile, Pakistan’s total gold imports have reached an all-time high.
According to the Pakistan Bureau of Statistics, in November, the country imported 68 kilograms of gold, the highest amount ever imported in a month.
The data shows that gold imports increased by 179.74% in November compared to October, while on an annual basis, gold imports increased by 55.76% in November. According to the document, the gold import bill in November was recorded at $607,300.
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