Gold Price in Pakistan Increases After Falling by Over Rs. 12,000 Per Tola Last Week

The price of 24 karat per tola gold witnessed an increase of Rs. 4,000 on Monday and was sold at Rs. 342,500 against its sale at Rs. 338,500 on the previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported. Last week the price of gold fell by Rs. 12,400 per tola. The decrease came despite two successive gains on Friday and Saturday that saw price rise by Rs. 900 and Rs. 2,400 per tola, respectively. The prices of 10 grams of 24 karat also increased by Rs. 3,429 to Rs. 293,638 from Rs. 290,209 whereas the price of 10 grams of 22 Karat also increased to Rs. 270,348. The rates of per tola silver and ten-gram remained unchanged and closed at Rs. 3,410 and Rs. 2,923. The price of gold in the international market increased by $40 to $3,241 from $3,201 whereas that of silver went up by $0.24 to $32.52, the Association reported.