Gold price gains Rs11,200 per tola in Pakistan

Business Recorder reported that gold prices in Pakistan rose on Thursday, tracking gains in the international market. The price of a tola of gold reached Rs465,236 after climbing Rs11,200 during the day. According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association, 10-gram gold was sold at Rs398,864, up Rs9,602.

Wednesday had seen the opposite move, with the tola price falling Rs11,300 to Rs454,036. Internationally, the rate for gold climbed $112 to $4,427 per ounce, which included a $20 premium. Silver also moved higher, rising Rs185 to Rs7,044 per tola.

All the local changes quoted in the report are intraday movements, measured during the day. The report gives the local price per tola and the international price per ounce, so the two are shown in different units.