Gold price per tola gains massive Rs13,700 in Pakistan

Business Recorder reported that gold prices in Pakistan rose on Thursday, tracking the stronger international market. The price of one tola climbed Rs13,700 during the session to Rs471,936. Local prices therefore moved in step with overseas bullion, which also rose that day.

Ten-gram gold rose by Rs11,746 to Rs404,609, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Wednesday, the tola had stood at Rs458,236 after a Rs3,700 fall that day.

Internationally, gold rose $137 to $4,495 per ounce, with a premium of $20 noted separately. Silver also gained Rs369 to Rs7,169 per tola, adding to the day's precious metal gains. The silver figure was quoted in the same tola unit used for gold.