Gold price in Pakistan rises Rs2,000 per tola

According to Mettis Global, gold prices in Pakistan climbed on Friday, with 24-karat gold quoted at Rs440,636 per tola after an increase of Rs2,000. The same direction applied to the 10-gram rate, which stood at Rs377,774 after a Rs1,715 gain. The figures were compiled from rates shared by the All-Pakistan Gems and Jewelers Sarafa Association.

The 22-karat rate also moved higher, at Rs346,305 per 10 grams. Domestic silver gained too, with 24-karat silver at Rs6,578 per tola, Rs50 more, and Rs5,639 per 10 grams, Rs43 higher.

Abroad, spot gold traded near $4,183 an ounce, which the report placed $1.7 above the previous session, a 0.04 per cent gain. The table in the report shows the local gold rate down Rs24,600 over one month but up Rs15,800 for the fiscal year to date.