With Rs1300 per tola increase, the gold prices have hit record high in Pakistan.Gold has reached Rs 80,500 per tola with the increase of Rs 1300 on Tuesday.While the price of 10 gm gold touched Rs69,016 with the hike of Rs 1,115 here.The increase in the prices at local market is witnessed after the gold hit $1429 with hike of $21 per ounce in the international market. The prevailing value of gold in Pakistan and other countries of the world has always been a much sought-after item both for men and women of all ages. Gold rates vary daily as it is one of the most loved and precious elements in the world. This great value of the metal is owed not only to its elegance and glamour but also its charm. For a woman, the designs and the sizes of golden jewels are more important than the price and they are willing to pay any amount for the jewelry they fall in love with. Gold has always been the first love for every woman and many men since the advent of civilization as much as it is today. In the middle ages, it was exchanged for the commodity to be sold or bought rather than currency. The value of this element in Pakistan, before the arrival of the British Regime, was also measured in the similar way. There was a time when the prices in one country were entirely divergent from another, which made it a premium metal for international trade. Because of the rise of mutual trade, universally integrated banking system and interdependent economies, the rates of this precious element have got prime importance in the global scenario. The gold rates in Pakistan vary according to the purity of its karats. In many European countries, the prices are determined according to the Millesimal fineness scale, which is getting in vogue as a new method of measuring the purity and prices of gold. For the latest updates about the prices of this valuable metal in the country, check out the details here.
