On the last day of 2021, the price of
gold was Rs 108,025 per 10 grams and Rs 126,000 per tola which was Rs 97,994
and Rs 114,300 a year ago. During the same period, the international gold price
fell to $ 1,820 an ounce on January 1, 2021 from $ 1,899. The head
of the All Pakistan Jewelry Manufacturers Association (APJMA) said that the
rupee's decline against the dollar has offset the impact of the drop in the
global gold price last year. In the
inter-bank market, it was Rs 159 per dollar on January 1, 2021, compared to Rs
176.51 on December 31, 2021, which increases the cost of imports of raw
materials and finished goods more
expensive. The price of 10 grams and a tola of gold reached the
highest level of Rs 113,854 and Rs 132,800. According to the sales trend in 2021, dwindling purchasing power and
rising cost of living and utility bills have affected the sales of jewelry
sets, forcing many to bring their old jewelry, which is being
melted down into newer sets. Buyers bought three years ago 10 gram gold chains,
but now choose chains that weigh two to four grams.
No comments: