Gold per tola gains Rs4,200 in Pakistan

Business Recorder reported that gold prices in Pakistan climbed on Monday, moving with a rise in global bullion. The local price of one tola rose Rs4,200 during the day, reaching Rs487,136. Local rates moved higher on the same day that overseas prices rose.

According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association, 10-gram gold sold for Rs417,640 after gaining Rs3,601. The 10-gram gain was smaller than the Rs4,200 rise recorded for the tola. On Saturday, a tola had been priced at Rs482,936 after a Rs5,700 increase during that session, so Monday's level sits higher again.

Internationally, gold rose $42 to $4,646 per ounce. That international figure includes a premium of $20. Silver, meanwhile, held firm at Rs7,379 per tola. The silver rate showed no change on Monday.