It may sound weird that the price of gold is fixed daily based on domestic and international economic indicators despite the discontinuation of its official import over a decade ago, but that is the reality today.
Stakeholders of various commodities usually fix prices based on local and import taxes and duties, demand and supply situation, and rupee-dollar parity.
Perhaps the yellow metal is one of the only commodities over which no official or private data regarding purchase and use is maintained or available, owing to the lack of its official imports.
Bullion prices have been making headlines worldwide and in Pakistan since the US president began imposing record-high tariffs on China and other countries. Since then, gold prices continue to break new records every week in Pakistan despite rupee-dollar stability for the past one and a half years.
