Gold price surges to Rs234,800 a tola

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ISLAMABAD: Gold price in the country continued going up and increased by Rs3,800 per tola on Friday after the price of the yellow metal hit an all-time high in the international market. According to the data provided by the Karachi Sarafa Association, the price for one tola of 24-karat gold increased to Rs234,800 from Rs231,000. Similarly, the price for 10 grams of 24-karat gold increased to Rs201,303 from Rs198,045, showing an increase of Rs3,258. According to All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the international rate of gold on Wednesday was set at $2,254 per ounce with a premium of $20. Earlier, gold price in the country fell last week by Rs2,350 (-1.03 percent) per tola to Rs225,150 from Rs227,500. In the preceding week, gold price fell by Rs2,700 (-1.17 percent) per tola to Rs230,200 from Rs220,300. During the month of February, the price for one tola of 24-karat gold increased by Rs200 to Rs215,700 from Rs215,500 while in January, the price for one tola of 24-karat gold decreased by Rs4,500 to Rs215,500 from Rs220,000. TLTP