Gold price rises Rs1,200 per tola in Pakistan as silver hits record

Gold prices in Pakistan rose on Monday, mirroring gains in the international market. In the local market, the gold price per tola rose to Rs437,536 after a gain of Rs1,200 during the day, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Similarly, 10-gram gold was sold at 375,116 after it increased by Rs1,029, the APGJSA rates showed. The international rate of gold was up by $12 to reach $4,150 per ounce.

Monday's rise followed a decline at the end of last week. On Saturday, the gold price per tola reached Rs436,336 after a loss of Rs4,300 during the day.

Silver also moved higher, with the price increasing by Rs66 to reach Rs6,588 per tola, a new all-time high.