Gold rates increase in Pakistan

KARACHI: Gold rates went up in Pakistan on Thursday in line with an increase in the international rates.

In the local market, the price of gold per tola gained Rs2,000, setting at Rs262,100.

The 10-gram gold was sold at Rs224,708 after it registered an increase of Rs1,714, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Gold rates declined by Rs1,400 to Rs260,100 the other day.

Globally, the rate was at $2,503 per ounce (with a premium of $20), an increase of $22 during the day.

Meanwhile, silver prices remained stable at Rs2,900 per tola.

It should be noted here that last month, gold prices hit a record high level of Rs263,700 per tola in Pakistan.