Gold price per tola rises Rs1,400 in Pakistan

Gold in Pakistan gained Rs1,400 per tola on Monday, taking the rate to Rs423,436, Business Recorder reported. The 10-gram rate also advanced by Rs1,201 to Rs363,028, based on prices issued by the All-Pakistan Gems and Jewellers Sarafa Association. The increase followed a Saturday decline of Rs2,500 per tola, when the local rate stood at Rs422,036.

International gold rose by $14 to $4,009 per ounce, while silver in Pakistan added Rs20 to reach Rs5,878 per tola. The local gold move therefore came alongside gains in the international market, according to the report. Gold and silver rates are closely followed by traders and consumers, making daily price changes relevant to Pakistan’s bullion market.