Gold Posts Slight Increase After 5-Day Decline of More Than Rs. 10,000 Per Tola

The price of 24 karat gold witnessed an increase of Rs. 300 per tola  on Wednesday and was sold at Rs. 355,000 against its sale at Rs. 354,700 on the previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported. It is pertinent to mention here that the price of gold in Pakistan fell by Rs. 10,200 per tola in five day losing streak before today’s slight increase. The prices of 10 grams of 24 karat also increased by Rs. 257 to Rs. 304,355 from Rs. 304,098 whereas the price of 10 grams of 22 Karat went up to Rs. 278,992 from Rs. 278,757. The rates of per tola silver and ten grams remained unchanged and closed at Rs.3,963 and Rs. 3,397. The price of gold in the international market increased by $3 to $3,323 from $3,320 whereas silver was traded at $37.90, the Association reported.