ISLAMABAD: The rates of per tola of 24 karat gold increased by Rs.500 and was sold at Rs.242,000 on Monday against its sale at Rs. 241,500 on last trading day, ARY News reported.
The price of 10 grams of 24 karat gold also increased by Rs.429 to Rs.207,476 from Rs. 207,047 whereas that of 10 gram 22 karat gold went up to Rs.190,186 from Rs. 189,793, the All Sindh Sarafa Jewellers Association reported.
The price of per tola and ten gram silver remained constant at Rs.2,850 and Rs.2,443.41 respectively.
The price of gold in the international market increased by $8 to $2,328 from $2,320, the Association reported.
On Saturday, gold prices declined in Pakistan in line with a drop in the international rate.
According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold price per tola stood at Rs241,500 after a single-day loss of Rs1,400.
It is pertinent to mention here that back in April, gold prices in the local market had reached an all-time high of Rs252,200 per tola.
The fluctuations in gold prices are largely driven by changes in the international market, reflecting the global demand and supply dynamics for the precious metal.
