KARACHI: Gold prices continued their upward trend in the local market under the influence of increasing rates in the international market.
According to traders, the price of 24-carat gold per tola increased by Rs900, reaching Rs477,162 in the local bullion market.
Similarly, the price of 10 grams of gold rose by Rs772 to Rs409,089.
The All Pakistan Sarafa Gems and Jewellers Association said the price of silver per tola also increased by Rs26, taking it to Rs8,099.
In the international market, gold prices gained $9 per ounce, after which gold was traded at $4,548 per ounce.
Meanwhile, the price of 24-carat silver per tola also increased by Rs26 to Rs8,099 in the local market.
The rise in precious metal prices comes as global oil prices have also witnessed another increase. Brent crude oil was being traded at $111 per barrel, while WTI crude reached $107 per barrel. Murban crude oil was reported at $108 per barrel.
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