Gold in India, know what is 10 grams of 24 carat gold in Pakistan

Today, Gold June Futures have touched the new all-time high on MCX. 10 grams of gold reached a record level of 99,178, which is showing a lead of about 1,900 from the previous session. At the same time, in the retail market, Gold has also crossed the magical figure of 1 lakh per 10 grams.

In fact, on Monday, gold was trading at 97,200 per 10 grams before GST, but after adding 3 percent GST, the retail price reached above 1 lakh. That is, if you are thinking of buying jewelery, then you may have to loose more pockets now. Well, this has become a matter of India. Let us now tell you how much 10 grams of gold is getting in the neighboring country Pakistan.

What is the price of gold in Pakistan

If you talk about 10 grams of 24 carat gold in Pakistan, then according to the report of Pakistan Today, there is 324940 Pakistani rupee per 10 grams per 10 grams. If you convert it to Indian rupees, then it will be equal to 98,509.64 Indian rupees.

Why gold prices are rising in Pakistan?

According to a BBC Urdu report, people and analysts associated with gold trade in Pakistan believe that the main reason for the increase in gold prices in the country in the international market gold priceThere is an increase in this. Speaking to BBC Urdu, the President of All Pakistan Bullion Jewelers Association and Chairman of Karachi Bullion Exchange said that this increase is originally the result of a faster trade war between the US and China, in which the implementation of new tariffs has increased.

Why gold is getting expensive in India?

According to the Times of India report, the main reason behind the cost of gold in India, there are differences between the President and the Chairman of the Federal Reserve over the interest rates, which has directly affected the dollar index. The dollar index is currently trading at around 98.12, which is the lowest level of the last three years. Due to the weakness of the dollar, investors are now eyeing safe options and gold has always been considered as ‘safe haven’. Apart from this, increasing business tension between the US and China has also given more air to the demand for gold. Overall, whether it is India or Pakistan, this boom in gold and silver prices in both countries is the result of global economic environment.

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