ISLAMABAD: Gold prices in the local market surged by Rs2,400 per tola on Tuesday following an increase in international prices where the yellow metal touched two-week high. The price of one tola of 24-karat gold surged to Rs220,400 from Rs218,000. Similarly, the gold price for 10 grams of 24-karat increased to Rs189,960. 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
