Gold price gains Rs4,300 per tola in Pakistan

Business Recorder reported that gold rates in Pakistan rose on Wednesday, tracking a higher move in global markets. Locally, a tola of gold climbed Rs4,300 during the day to Rs441,636. Ten grams were quoted at Rs378,631 after a rise of Rs3,686, based on figures from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The previous day, Tuesday, the tola had reached Rs437,336 after a Rs800 decline. Internationally, gold rose $43 to $4,191 per ounce. Silver also edged up Rs20 to Rs6,578 per tola.

Local rates moved in the same direction as the international price on the day. Readers comparing the two figures should note that the local quote is per tola while the global price is per ounce. Silver is quoted on the same per tola basis.