Web.pk

Historic Increase in Gold Prices in Pakistan

By Arooj Ahmed — Published on 27/08/2019
ADVERTISEMENT
CONTINUE READING BELOW

A very huge rise in the gold market making people disappoint. The prices of gold are again been increased from 75,874 to 88,500 per tola. The increase in prices of gold is related to the weak economic situation prevailing in the economy. Gold a luxurious metal is not owned by many in the country having million living beyond the poverty line. It was owned by the middle class, upper-middle-class, and upper class but the current scenario is making very difficult for the middle class to buy gold. Which they usually buy to give it as a dowry. The current prices are resulting in a situation not suitable for none.

ADVERTISEMENT
CONTINUE READING BELOW

These increased prices of gold are expected to increase further in the coming years. These hike in prices of gold have costed the economy in a way that its sale is showing a downward trend. This trend is creating a panic among the public as they had to save more in order to avail these luxuries. One important thing is that the gold price increase is not confined to the Pakistani market but has also increased in the international market because of its high demand prevailing in the market.

After the increase in the gold price, the investor is looking to put their weight of investment in this sector as well. Which could be seen as a small piece of relief for the economy of Pakistan. As this gold is becoming more attractive for investors. As the gold prices are increasing but the interesting fact is that the people associated are not getting that profit as they used to make out of it because of the weak buying power of buyers along with that its price is also increased in the international market so overall its impact is alarming for the economy of Pakistan.

About Author

Written by
Arooj Ahmed is a content specialist interested in cutting-edge technologies and Pakistan's Updates. Arooj is committed to keeping up with the newest technological developments, especially as they pertain to the Pakistani market, despite her many years of expertise in the field. If you want to keep up with the ever-changing state of this profession, her knowledge and perspective are indispensable.

Popular Articles

Sui Gas Bill Duplicate – View Online Sui Gas Bill of SSGC & SNGC
ADVERTISEMENT CONTINUE READING BELOWThe Sui gas system in Pakistan is distributed into two companies namely…
18 Apr 2016
MOFA Attestation Requirements, Procedure & Process
ADVERTISEMENT CONTINUE READING BELOWThose who want to attest documents from ministry of foreign affairs should…
16 Mar 2015
Traditional Mehndi & Dholki Songs List With Lyrics 2024
ADVERTISEMENT CONTINUE READING BELOWPakistani wedding is incomplete without different traditions like Mehndi, , Jaga. These…
14 Nov 2013
Top 60 Pakistani Clothing Brands
ADVERTISEMENT CONTINUE READING BELOWWant to figure out the top 60 in Pakistan in 2023? Can…
28 Feb 2017
Download Pakistani Dramas – Websites List
ADVERTISEMENT CONTINUE READING BELOW 1.Youtube.com Using Video Downloader Tools: If you prefer to download Pakistani…
31 Aug 2015
PTCL DSL/Wireless Router Settings with IP – Username & Password
ADVERTISEMENT CONTINUE READING BELOWLots of new user face problems and difficulty in configuring their modems…
25 Feb 2013
Funny and Cute Nicknames for Friends in Urdu 2024
ADVERTISEMENT CONTINUE READING BELOWIn Pakistan, it is observed that on a birth of baby there…
23 Jul 2015
Vehicle Registration Number Plates In Pakistan: Comprehensive Guide
ADVERTISEMENT CONTINUE READING BELOWRegistration of vehicles or vehicle registration plates of motor vehicles in Pakistan…
24 May 2016
How To Open Blocked Sites In Pakistan Without Any Software
ADVERTISEMENT CONTINUE READING BELOWAlthough YouTube got a green signal by Government of Pakistan and Pakistan…
16 Oct 2016
List of Proxies to Open Banned Websites in Pakistan
ADVERTISEMENT CONTINUE READING BELOWAlthough YouTube got a green signal by Government of Pakistan and Pakistan…
30 Mar 2017
How to Register PTCL Complaint Online?
ADVERTISEMENT CONTINUE READING BELOWIn order to timely entertain the complaint and queries of its subscribers…
17 Mar 2016
Mehndi and Dholaki Songs collection with Lyrics 2024
ADVERTISEMENT CONTINUE READING BELOWThe Wedding season is on once again and we see weddings taking…
12 Dec 2014