KARACHI: Gold prices increased by Rs4,400 per tola on Thursday in the local market following an increase in the international market.The All Pakistan Sarafa Gems and Jewellers Association said that 24-karat gold rates reached Rs483,962 per tola.
Similarly, the price of 10-gram gold rose by Rs3,772 to Rs414,919.Gold rates increased by $44 to $4,616 per ounce in the international market. Typically, gold prices in the local market are adjusted by a premium of $20 against rates in the international market.Silver rates increased by Rs55 to Rs7,821 per tola. Similarly, 10-gram silver rates also rose by Rs47 to Rs6,705.