Gold price in Pakistan rises Rs11,200 per tola

Gold rates in Pakistan climbed on Thursday, according to Mettis Global, which relied on figures from the All-Pakistan Gems and Jewelers Sarafa Association. The 24-karat price rose Rs11,200 to Rs465,236 per tola, while the 10-gram rate went up Rs9,602 to Rs398,864. The 22-karat rate for 10 grams was also quoted higher, at Rs365,638.

Silver also firmed in the local market, with 24-karat silver at Rs7,044 per tola after a Rs185 increase and Rs6,039 per 10 grams after a Rs159 gain. The report's table also shows gold up Rs37,300 over one month and Rs8,274 since the start of the calendar year.

Internationally, spot gold was quoted near $4,436 an ounce, $51.4 or 1.17% higher than the previous session. Support came from a weaker US dollar and lower Treasury yields, and attention now shifts to Friday's US nonfarm payrolls figures, which could offer hints about the Federal Reserve's coming decision.