Gold price per tola gains Rs4,200 in Pakistan

Gold rates in Pakistan rose on Wednesday, tracking an increase in the international market, according to Business Recorder. The price of a tola climbed to Rs463,936 after adding Rs4,200 over the course of the day. Ten-gram gold changed hands at Rs397,750, up Rs3,601, based on figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The previous day, Tuesday, the tola had been priced at Rs459,736 following a Rs2,400 rise. Internationally, gold advanced $42 to $4,415 per ounce, including a $20 premium. Silver also moved higher, gaining Rs146 to Rs7,111 per tola.

The figures are quoted per tola and per ten grams, and the report ties the local change to the overseas trend. Readers comparing the two units should keep the quoted basis in mind.