Gold Prices increased in Pakistan on Monday, following gains in the international bullion market.
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According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold rose by Rs1,700 per tola. The new rate stands at Rs428,436 per tola.
Meanwhile, the price of 10 grams of 24-karat gold increased by Rs1,457. It now stands at Rs367,314.
Silver Prices Also Increase
Silver prices also recorded an upward trend. The price of 24-karat silver rose by Rs54 per tola, reaching Rs6,291 per tola.
International Market Supports Rally
In the international market, gold gained $17 per ounce. As a result, the global bullion price climbed to $4,060 per ounce.
Analysts said stronger international gold prices contributed to the increase in Pakistan’s local bullion market.
