KARACHI: Amid a drop of $12 per ounce in the world market, the gold prices in Pakistan on Saturday recorded an increase of Rs50 per tola, ARY News reported.
According to the All-Pakistan Jewellers Manufacturers Association, per tola price of the precious yellow metal increased by Rs50 to Rs147,350.
Similarly, the price of 10 grams jacked up by Rs43 to Rs126,329.
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Cumulatively, the precious commodity gained Rs3,550 per tola during the week ended October 15.
In the international market, gold prices declined by $12 per ounce and was headed for its worst week since mid-August, dragged lower by a stronger US dollar and worries the Federal Reserve will persist with sharp rate hikes to curb inflation. The price settled at $1,644.
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