Gold price rises Rs1,200 per tola in Pakistan

Business Recorder reported that gold rates in Pakistan climbed on Monday, tracking gains in the international bullion market. The price of a tola rose by Rs1,200 during the day to Rs437,536. The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) quoted the 10-gram price rising by Rs1,029 to Rs375,116.

On Saturday, the tola price had stood at Rs436,336 after a Rs4,300 drop during that session. Internationally, gold gained $12 to $4,150 per ounce, in step with the local move. Silver also advanced, adding Rs66 to reach Rs6,588 per tola, which the publication described as a new all-time high.

The local prices quoted are for a tola, while the international figure is quoted per ounce, so the two are not directly comparable.