Gold price rises Rs5,100 per tola in local market

Gold prices rose for the third consecutive day in international and local markets on Friday. In the international bullion market, the price of gold increased by $51 per ounce to $4,319.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), The price of gold per tola in the local market also increased by Rs5,100 to Rs454,336. The price of 10 grams of gold rose by Rs4,372 to Rs389,519.

Meanwhile, silver prices also increased. The price of silver per tola increased by Rs280 to Rs6,939. The price of 10 grams of silver also rose by Rs240 to Rs5,949.

On Thursday, Gold prices recorded gains in both international and local markets. According to the APGJSA, the local price of gold per tola climbed by Rs11,300 to Rs449,236, while the price of 10 grams of gold increased by Rs9,688 to Rs385,147.

Meanwhile, silver prices also moved higher in the local market. The price of silver per tola rose by Rs35 to Rs6,659, while the price of 10 grams of silver increased by Rs30 to Rs5,709.

Read: Gold prices soar as global market rallies

On Wednesday, gold prices recorded a surge in Pakistan. According to the APGJSA, the price of 24-karat gold jumped Rs10,000 per tola to Rs437,936. The price of 10-gram gold rose Rs8,573 to Rs375,459, mirroring gains in the international bullion market.

On Tuesday, gold prices declined in the local market even as international rates recovered. According to rates issued by the APGJSA, the price of gold per tola fell Rs500 to Rs427,936. The 10-gram rate dropped Rs428 to Rs366,886.

Silver moved in the opposite direction locally. Its price increased Rs60 to Rs6,351 per tola.

On Monday, gold prices rose in the Pakistani market even as international rates edged lower. According to the APGJSA, in the local market, the per-tola gold reached Rs428,436 after gaining Rs1,700 during the day.