Gold price increases by Rs1,100 per tola in Pakistan

Karachi  (Web Desk): Gold prices recorded another increase in both global and domestic markets after witnessing a decline a day earlier.

According to the All Pakistan Sarafa Association, the price of gold per tola increased by Rs1,100, reaching Rs433,536.

Similarly, the price of 10 grams of gold went up by Rs943 to Rs371,687.

Along with gold, silver prices also witnessed an upward trend in the local market. The price of one tola silver increased by Rs30 to Rs6,462, while the price of 10 grams of silver rose by Rs26 to Rs5,540.

Meanwhile, in the international market, gold prices climbed by $11 per ounce, taking the price to $4,111 per ounce.

It is worth mentioning that gold prices had declined in both global and domestic markets a day earlier. In the international market, gold had fallen by $14 to $4,100 per ounce.

In the local market, the price of gold per tola had dropped by Rs1,400 to Rs432,436, while the price of 10 grams of gold decreased by Rs1,200 to Rs370,744.

Meanwhile, silver had recorded an increase of Rs11 per tola, reaching Rs6,432.

Market analysts advised investors and buyers to keep a close watch on international market trends and local price movements before making purchases, as gold rates are expected to remain volatile due to global economic factors.