The high prices of gold have made the commodity completely out of reach of ordinary people. After witnessing a surge of Rs750 per tola, gold prices now stand at around Rs68,000 per tola. One of the most drastic effects of a sharp increase in the dollar was the subsequent increase in gold rates.
Our new government has efficiently disassociated itself from this precarious situation and claimed that an unprecedented increase in gold prices was the workings of the previous government. It is, however, our government’s responsibility to draft such policies which can improve the economy and bring the gold rates to an affordable range.
Arisha Ghazal
Karachi
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