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Gold rate nears Rs5 lac in Pakistan after fresh market surge

Gold rate nears Rs5 lac in Pakistan after fresh market surge

An undated image. — Pexels

Gold prices in Pakistan bounced back on Thursday following a rise in international markets.

According to the All Pakistan Sarafa Gems and Jewelers Association, the price of gold per tola increased by Rs1,000, reaching Rs492,362.

The price of 10 grams of gold also went up by Rs858 to Rs422,121. A day earlier, gold prices had dropped by Rs1,100, with the rate settling at Rs491,362 per tola in local markets.

Read Also: Pakistan gets $1.3bn IMF tranche: SBP

In the international market, gold prices gained $10 per ounce, climbing to $4,700 per ounce. Meanwhile, silver prices also recorded an increase of Rs65 and settled at Rs9,204.

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