Gold price increases by Rs6,900 per tola in Pakistan

Business Recorder reported that domestic gold rates moved higher on Friday, following firmer trade in the international market. The price of one tola climbed by Rs6,900 during the session to Rs460,336. Compared with Thursday, when the tola had fallen Rs3,800 to Rs453,436, the latest gain marks a notable turnaround.

The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) put the 10-gram price at Rs394,663 after a rise of Rs5,914. Internationally, the metal gained $69 to $4,378 per ounce. Silver also advanced by Rs300 to Rs7,169 per tola.

According to the report, the domestic increase came on the same day as the international rise and moved in line with it. Silver moved up on the day as well, so both precious metals posted gains in the local market.