A representational image of gold bars. — Reuters/File

Gold price rises by Rs1,500 per tola in Pakistan

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

KARACHI: Gold price in Pakistan rise by Rs1,500 per tola in Pakistan on Tuesday in line with the depreciation of the Pakistani rupee against the US dollar.

The price of the precious commodity rose by Rs1,500 per tola and Rs1,286 per 10 grams to settle at Rs142,900 and Rs122,514, respectively.

A day earlier, the precious commodity closed at Rs141,400 per tola and Rs121,228 per 10 grams.

The price of the precious commodity decreased by $4 per ounce to settle at $1,803 in the international market due to a stronger dollar affected, however, growing recession fears kept safe-haven bullion pinned near the key support level of $1,800 an ounce.

Meanwhile, the silver prices in the domestic market remained unchanged at Rs1,520 per tola and Rs1,303.15 per 10 grams today.

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