Gold price increase by Rs600 per tola in Pakistan

Local gold rates in Pakistan edged up on Thursday, moving in step with a stronger international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), a tola was priced at Rs435,036 after a daytime rise of Rs600. Ten grams changed hands at Rs372,973, having added Rs515 over the session.

The move reversed part of Wednesday's slide, when the tola closed at Rs434,436 following a Rs3,100 decline. Overseas gold rose $6 to $4,125 an ounce. Silver, meanwhile, fell Rs120 to Rs6,368 per tola.

Business Recorder reported these figures from the APGJSA rate sheet, giving readers a daily snapshot of local bullion prices. The quotes also show how the local price moved against the previous session's closing rate.