Gold prices skyrocket again after surge of over Rs13,000 per tola

According to Express Tribune, gold rose by Rs13,700 per tola on Thursday to Rs471,936 in the local market, tracking firmer international bullion prices. The 10-gram price climbed Rs11,746 to Rs404,609. Silver also gained Rs317 per tola, reaching Rs7,169 in the domestic market. Both figures were quoted for the Thursday session.

Overseas, gold gained $137 an ounce to $4,495 on the international bullion market. Local prices had slipped on Wednesday by Rs3,700 to Rs458,236 per tola, even though global quotes had surged past 3%, a high unseen in two and a half months. The tola price had reached Rs461,936 on Monday after a Rs2,000 gain, then held steady on Tuesday. Across the four sessions covered, the local price moved both up and down.