KARACHI: Gold prices increased by Rs1,000 per tola in the local market on Monday, following an increase in the international gold rates.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold increased to Rs492,362 per tola.Similarly, the price of 10-gram gold went up by Rs858 to Rs422,121.In the international market, gold prices gained $10 to reach $4,700 per ounce.
Bullion dealers said gold prices in Pakistan are typically adjusted with a premium of around $20 per ounce over international rates, reflecting exchange rate movements, import costs and domestic market conditions.Silver prices increased by Rs65 to Rs9,204 per tola, while the price of 10-gram silver also rose by Rs55 to Rs7,890.
