Gold per tola gains Rs5,200 in Pakistan

Business Recorder reported that local gold rates climbed on Friday, tracking gains in the global market. Per tola gold reached Rs477,136 after rising Rs5,200 during the session. Ten-gram gold was priced at Rs409,067, up Rs4,458, according to figures from the All-Pakistan Gems and Jewellers Sarafa Association.

The previous day had seen a much larger jump, with the tola price rising Rs13,700 to Rs471,936 on Thursday. Internationally, gold was up $52 to $4,547 per ounce, carrying a premium of $20. Silver also rose, gaining Rs210 and standing at Rs7,379 per tola.

Taken together, the figures point to firmer bullion prices in both local and international markets on the day. Local rates are quoted per tola and per 10 grams, the two units used in the market update.