Gold Rate in Pakistan Posts One of Its Biggest Increases in Recent Months

The price of 24 karat per tola gold witnessed an increase of Rs. 6,100 on Saturday and was sold at Rs. 359,000 against its sale at Rs. 352,900 on the previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported. The price of gold fell by Rs. 12,000 per tola between July 24 and August 1. The prices of 10 grams of 24 karat also increased by Rs. 5,229 to Rs. 307,784 from Rs. 302,555 whereas the price of 10 grams of 22 Karat went up to Rs. 282,145 from Rs. 277,342. The rates of per tola and ten-gram silver increased by Rs. 53 and Rs. 45 to Rs. 3,9530 and Rs. 3,389 respectively. The price of gold in the international market increased by $61 to $3,363 from $3,302 whereas silver increased by $0.53 and was traded at $37.01 against $36.57, the Association reported.