KARACHI: Gold prices increased by Rs1,600 per tola on Wednesday. According to All Sindh Saraf Jewellers Association, gold rates reached Rs234,400 per tola in the local market. Similarly, the price of 10-gram gold rose by Rs1,372 to Rs200,960. In the international market, gold rates increased by $4 to $1,960 per ounce. Silver rates decreased by Rs50 to Rs2,800 per tola. Similarly, 10-gram silver dropped by Rs42.87 to Rs2,400.54.