Gold pricing body All Pakistan Saraf Gems and Jewellers Association (APSGJA) revised up the bullion price by Rs1,400 to the record high at Rs226,900 per tola. An increase in gold price in the global market also encouraged the body to raise the commodity’s price. APSGJA said gold rose by $5 to $2,022 per ounce (31.10 grams) in the international market. A research house reported that the government increased the rate of return on three saving schemes. The government increased the rate by 98 bps to 20.80% for Short-Term Savings Certificates and raised the rate by 27 bps to 17.40% for Special Savings Certificates.

Source: The Express Tribune May 09, 2023 08:03 UTC