<\/p>\n
KARACHI: The local price of a tola and 10 grams of gold in the country peaked at Rs100,400 and Rs86,076, respectively, on Tuesday. <\/p>\n
There was a gain of Rs700 and Rs600 per tola and prices of 10 grams as of Monday. The local bullion corps continues to issue "idea-only prices" since the closure of local markets, including jewelry, due to the Covid-19 blockade. <\/p>\n
The All Sindh Saraf Jewelers Association (ASSJA) has quoted the world gold price of $ 1,721, an increase of $ 31 per ounce since Monday.<\/p>\n
ASSJA President Haroon Rashid Chand said the association is updating local rates based on the global markets where the bullion is traded. <\/p>\n
"Weekly and monthly verbal deals are made between bullion dealers across the country," he said. <\/p>\n
"The association is also trying to raise price awareness among consumers so that they can be cautious during gold transactions," said Chand.<\/p>\n
The federal government has extended the partial shutdown until April 30. The measure has affected commercial activities in all markets, including jewelry. Currently, large wedding functions are prohibited, and as a result, most weddings take place at home. Since the pandemic shows no signs of slowing down, reservations in the wedding hall will remain suspended during Ramazan, which begins on April 24.<\/p>\n
Jewelers certainly feel the pinch of business loss. Pre-orders for wedding games, which were placed before Ramazan, have decreased considerably.<\/p>\n
President of the Pakistan Jewelers Association (APJA), Mohammad Arshad, said that online gold trading is thriving in world markets as the yellow metal is considered a safe haven in difficult times.<\/p>\n
However, in Pakistan, online gold trading is only one or two percent. Trading is done in less than five grams rather than a tola or more, \u201dsaid Arshad. <\/p>\n
He added that there is a possibility that some owners of small gold processing factories are trading online due to their social circles.<\/p>\n
Posted in Dawn, April 15, 2020<\/em><\/p>\n<\/p><\/div>\n . KARACHI: The local price of a tola and 10 grams of gold in the country peaked at Rs100,400 and Rs86,076, respectively, on Tuesday. There was a gain of Rs700 and Rs600 per tola and prices of 10 grams as of Monday. The local bullion corps continues to issue "idea-only prices" since the closure of local […]<\/p>\n","protected":false},"author":1,"featured_media":15863,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[11077],"tags":[19083],"class_list":["post-15862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newspaper","tag-coronavirus"],"_links":{"self":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts\/15862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/comments?post=15862"}],"version-history":[{"count":0,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts\/15862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/media?parent=15862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/categories?post=15862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/tags?post=15862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n
\nSource: https:\/\/www.dawn.com\/news\/1549327\/gold-crosses-rs100000-per-tola<\/p>\n","protected":false},"excerpt":{"rendered":"