City Sarafa bazaars and markets in gold prices in the high-flying, on Thursday gold, two thousand three hundred Then further increase net four carats per tola gold, the price of the issue at the highest level of one hundred fifteen Reached 1,700 rupees. Local Jewelers says global market impact of the increase in prices are having an impact on the local Sarafa markets.
According to details, gold prices continue to skyrocket in the city’s barter markets. On Thursday, gold became expensive by Rs 2,300, after which the net price of 24 carats per tola of gold became Rs 1,15,700. Similarly, the price of 22 carat gold per tola was one lakh six thousand and fifty eight rupees and the price of 21 carat gold per tola was one lakh two thousand three hundred and seventy five rupees.
General Secretary Lahore Division Barter Association Tahir Mehmood Bhatti said that globally, stock markets and other sectors including oil are in decline. Investors are investing in gold, which has made gold more expensive.
The jewelers of the barter markets said that the trend of rising gold prices will continue till the business opens in the closed sectors due to Corona globally. One of the main reasons why gold is so expensive locally is the steady rise in the value of the dollar. Local jewelers say the sharp rise in gold prices is disastrous for trade in the sector.
Extracted from City42 News