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Gold price soars by Rs10,800 in Pakistan

The prices of gold registered a sharp increase in the local market on Monday, with 24-karat gold per-tola rate rising by Rs10,800 to settle at Rs455,136 compared to Rs444,336 on the previous trading day, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association.

Similarly, the price of 10 grams of 24-karat gold increased by Rs9,720 to Rs389,600 from Rs379,880, whereas 10 grams of 22-karat gold went up by Rs8,824 to Rs 357,317 against Rs348,493.

In the international market, the price of gold increased by $108 to $4,327 per ounce from $4,219 per ounce.

Meanwhile, the price of silver per tola increased by Rs230 to Rs7,509 from Rs7,279, while the price of 10 grams of silver rose by Rs197 to Rs6,396 from Rs6,199.

The price of silver in the international market also increased by $2.30 to $70.30 per ounce from $68.00 per ounce.

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