ISLAMABAD (Commodity Online) : Gold prices touched yet another record in Pakistan as the 10-gram gold price in its bullion market touched record Pak Rs 32,572 on Wednesday.

Based on global surge of the yellow metal, one tola rate also hit a new peak of Pak Rs 38,000. One tola is equal to 11.66 grams.



On Tuesday the gold was trading at Pak Rs 32,271 per 10-gram and Pak Rs 37,650 per tola. Gold price in Pakistan was Pak Rs 200 per tola higher than Dubai.

The international gold rate on Thursday soared to an all-time high of $1,195 per ounce and it was expected the rising price trend may continue to persist amid sharp increase in demand by investors and central banks of some countries.

In Pakistan, the ongoing marriage season will pick up pace after Eidul Azha. Consumers who try to purchase gold jewellery on spot rather going for advance booking are the worst-hit in view of surging prices.

Pakistan’s gold imports in July-October 2009 surged to 673 kg ($20 million) as compared to 363kgs ($11 million) in the same period of 2008, According to Federal Bureau of Statistics (FBS).

Similarly, exports of jewellery during July-October 2009 surged by 221 per cent to $257 million as compared to just $80 million in the corresponding period of 2008.

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