Gold price per tola gains Rs800 in Pakistan

Gold rates in Pakistan rose on Wednesday, tracking firmer movement in the international bullion market. According to rates released by the All-Pakistan Gems and Jewellers Sarafa Association, a tola of gold climbed Rs800 during the day to Rs462,936. Business Recorder reported that the 10-gram price rose by Rs686 to Rs396,893, based on the same association rates.

Overseas bullion moved in the same direction, with the international rate adding $8 to stand at $4,404 per ounce. Silver followed with a rise of Rs72, taking its local price to Rs7,141 per tola, according to the same rates.

Local gold had dropped Rs1,000 per tola on Tuesday, when it fell to Rs462,136. The Wednesday increase therefore recovered most of that fall, leaving the tola price Rs800 above the earlier level.