Gold prices increase by Rs11,700 in Pakistan

RsISLAMABAD:  (Web Desk) – Gold prices rebounded in Pakistan on Saturday in line with upward trend in international market.

Data shared b All Pakistan Gems and Jewellers Association showed per tola gold price surged by Rs11,700, taking new price to Rs519,462.

Similarly, the price of 10-gram moved up by Rs10,030 with new rate settling at Rs445,354.

In international market, the price of the yellow commodity soared by $117, taking the new rate to $4,967.

Gold Per Tola falls to Rs507,762 after Rs21K dip in Pakistan

The silver prices in Pakistan also recorded significant recovery with per tola rate surging by Rs444 to close at Rs8,269.

A day earlier, gold prices witnessed a sharp decline in the local market as the price of 24-karat gold per tola decreased by Rs 21,400 to settle at Rs 507,762.

Likewise, the price of 10 grams of 24-karat gold fell by Rs 18,347 to Rs 435,324.

The price of silver also recorded a downward trend, with per tola silver decreasing by Rs 1,430 to Rs 7,825, whereas the price of 10 grams of silver declined by Rs 1,226 to Rs 6,708.