Gold prices rise by Rs2,200 per tola
Gold prices in Pakistan's local market rose significantly, with 24-karat gold increasing by Rs2,200 per tola. Conversely, silver prices experienced a decline in both local and international markets.
Why it matters
Fluctuations in precious metal prices impact local inflation and investment behavior in the Pakistani economy.
The prices of gold witnessed a sharp increase in the local market on Saturday, with the price of 24-karat gold per tola rising by Rs2,200 to settle at Rs456,536, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association. Similarly, the price of 10 grams of 24-karat gold increased by Rs1,887 to Rs391,406, whereas 10 grams of 22-karat gold rose by Rs1,729 to Rs358,801.
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