Gold scales new peak amid nil imports |
KARACHI: Amid record breaking domestic rates, Pakistan’s gold imports specifically for jewellery export purposes have remained nil from June-November followed by negligible exports of jewellery.
On Saturday, the 10-gram and one-tola gold rates hit a new all time high of Rs407,803 and Rs475,662, up by Rs1,972 and Rs2,300 from Friday, respectively.
As per data rates issued by All Pakistan Sarafa Gems and Jewellers Association, domestic prices had risen as a result of continuous rally in world gold price which rose by $23 to $4,533 per ounce.
The country’s gold jewellery export had plunged into crisis owing to the abrupt suspension of SRO760 on May 6. After hectic efforts by the stakeholders, the Ministry of Commerce on Nov 21, 2025 had issued an SRO 2198 (I) 2025 by