Gold and silver prices have increased in Pakistan and the international market.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola has increased by Rs9,600. It now stands at Rs435,636.
The price of 10 grams of 24-karat gold has also gone up by Rs8,230 to reach Rs373,487.
Meanwhile, the price of 10 grams of 22-karat gold has increased by Rs7,544 and reached Rs342,375.
What are the latest silver prices?
Silver prices have also increased in the local market. The price of silver per tola has risen by Rs100 to Rs5,763.
The price of 10 grams of silver has increased by Rs85 and now stands at Rs4,940.
What are the gold and silver prices in the global market?
In the international market, gold prices have increased by $96 to reach $4,131 per ounce.
Silver prices have also risen by $1 to reach $52.85 per ounce.
The association said local gold prices were calculated using the interbank exchange rate.
How much did gold prices drop in Pakistan previously?
Previously, gold prices in Pakistan had dropped by Rs10,800 per tola due to concerns about a possible increase in US interest rates.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold had fallen by Rs10,800 per tola. It had also recorded a decrease of Rs5,100 per tola a day earlier.
What were the new gold prices?
After the latest decline, the price of gold per tola had dropped to Rs409,736.
Similarly, the price of 10 grams of gold had decreased by Rs9,259 to Rs351,282.
Gold prices had changed regularly due to movements in the international market, changes in the US dollar and global economic conditions.
Gold had also reached a record high in Pakistan earlier that year. Its price had climbed to Rs572,862 per tola and Rs491,136 per 10 grams. This happened after international gold prices crossed $5,504 per ounce.
