Gold price per tola gains Rs11,200 in Pakistan

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

The gain followed a Rs11,300 decline on Wednesday, when gold per tola settled at Rs454,036. Silver also moved higher, rising Rs185 to Rs7,044 per tola. The silver move came alongside the gold rally during the same session.

The international gold rate rose $112 to $4,427 per ounce, and the report noted a $20 premium. Rates for the local and global markets are quoted in different units, rupees per tola and dollars per ounce.