Gold price per tola reaches Rs423,436 after a gain of Rs1,400

Gold prices in Pakistan increased on Monday in line with their gain in the international market. In the local market, gold price per tola reached Rs423,436 after a gain of Rs1,400 during the day, the All-Pakistan Gems and Jewellers Sarafa Association said.

Similarly, 10-gram gold was sold at 363,028 after it increased by Rs1,201, according to rates shared by the association. On Saturday, gold price per tola reached Rs422,036 after a decline of Rs2,500 during the day.

The international rate of gold was up by $14 to reach $4,009 per ounce. Meanwhile, the price of silver increased by Rs20 to reach Rs5,878 per tola.

The association sets its local rates in line with the international market, so the direction of the metal abroad is what Pakistani buyers and sellers watch from one day to the next.