Plagued with starvation and inflation, Pakistan has already become hollow and now it is staring at another problem. After vegetable, petrol, and diesel, the gold prices are touching the sky in Pakistan.
Gold price in Pakistan
In Pakistan, one tola gold costs 90,800 Pakistani rupees but in India, it costs around Rs. 41,395. One tola is equal to 10gm. Gold prices are fluctuating due to the Iran-America conflict. On Friday, the gold prices saw an increase of Rs. 1,150. According to Don newspaper, the gold price has increased by Rs. 23,000 since January 2019.
Gold price in India
The price of 24-carat gold remained between 41,000 to 41,270 per 10gm on the last trading day. The 22-carat gold jewelry also jumped to Rs. 41,120 per 10 gm. A Ginni that weighs 8gm also increased by Rs. 100 and crossed Rs. 30,900 mark.
Iran has warned the US of revenge for killing its commander Major General Qasim Sulemani, who was also the chief military officer of Iran in an airstrike. Fearing a war between the two nuclear-armed nations, investors are considering gold to be a safe investment and for this reason, the bullion prices are touching new height every day. … Read the rest