Gold per tola rises Rs5,700 for third consecutive day

The Express Tribune reported that gold prices in Pakistan rose for a third straight day on Saturday, while silver held steady. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold per tola climbed Rs5,700 to Rs482,936, and 10 grams went up Rs4,972 to Rs414,039. Internationally, gold per ounce gained $57 to reach $4,604.

Silver was unchanged at Rs7,379 per tola and Rs6,326 for 10 grams. A day earlier, gold had risen Rs5,200 per tola to Rs477,136, after a Rs13,700 increase on Thursday that lifted it to Rs471,936. Local rates have moved unevenly across the past week.

Not every session was higher, as gold per tola fell Rs3,700 to Rs458,236 on Wednesday even though overseas quotes jumped by over 3%, hitting their loftiest point in more than two and a half months. On Tuesday, the local rate held at Rs461,936 per tola.