Gold price remains flat at Rs218,200 per tola


ISLAMABAD: Gold prices in the local market remained unchanged at Rs218,000 per tola on Monday amid rupee’s appreciation against the US dollar. The price of one tola of 24-karat gold remained Rs218,000. Similarly, the gold price for 10 grams of 24-karat was recorded at Rs186,900. The price of 10 grams of 22-karat gold remained Rs171,324 while a single tola of 22-karat gold was being sold at Rs199,832. It is to be noted that local bullion pricing body, Karachi Sarafa Market, has refrained from announcing daily commodity prices since Wednesday and the prices quoted above are being collected from different markets. This is sparking speculation about potential actions against “gold smugglers” or a downward trend in the country’s precious metal market, leading to silence from the pricing body. TLTP