Gold price in Pakistan rises Rs2,800 per tola

Gold prices in Pakistan rose on Friday, according to figures Mettis Link News attributed to the All-Pakistan Gems and Jewelers Sarafa Association. The 24-karat rate reached Rs440,636 per tola, up Rs2,800 from the previous session. Per 10 grams, 24-karat gold sold for Rs377,774 after a gain of Rs2,401, while 22-karat gold was quoted at Rs346,305.

Silver also firmed locally, with 24-karat silver priced at Rs6,256 per tola after a Rs108 increase. Its 10-gram equivalent rose Rs86 to Rs5,356. Internationally, spot gold traded near $4,181 an ounce, which the report put at $25.9 higher, or 0.62 per cent, against the earlier session.

The report also set the daily moves against longer periods, showing gold down Rs12,800 over one month and Rs16,326 on a calendar year to date basis. Gold was, however, up Rs15,800 fiscal year to date, while silver fell Rs613 over one month, Rs93 fiscal year to date and Rs1,462 calendar year to date.