A representational image of gold coins. — Reuters/File

Gold ends week with a gain of Rs900 per tola in Pakistan

by Pakistan News
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A representational image of gold coins. — Reuters/File

KARACHI: In line with the dominant trend over the last two sessions, the gold price in Pakistan rose by Rs900 per tola.

According to rates released by the All Sindh Sarafa Jewellers Association (ASSJA), gold prices in the local bullion market rose by Rs900 per tola to reach Rs146,300.

While the price of 10 grams of gold increased by Rs772 to reach Rs125,429.

A day earlier, the precious commodity closed at Rs145,400 per tola and Rs124,657 per 10 grams.

Consequently, the precious commodity gained 5,450 per tola during the week ended July 23.

In the international market, bullion prices rose by $4 per ounce to settle at $1,728 — staying above the key level of $1,700.

Gold rates in Pakistan are around Rs2,500 below the cost compared to the rate in the Dubai market.

Meanwhile, silver prices in the domestic market remained unchanged at Rs1,580 per tola and Rs1,354.60 per 10 grams today.

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