KARACHI: Gold prices in the local market increased by Rs5,600 per tola on Friday following a massive increase in the international market.
According to All Sindh Saraf Jewellers Association, gold rates reached Rs207,500 per tola in the local market. Similarly, the price of 10-gram gold also rose by Rs4,801 to Rs177,898.
In the international market, gold rates increased by $58 to $1,997 per ounce. Silver rates increased by Rs20 to Rs2,220 per tola. Similarly, 10-gram silver rates also rose by Rs17.15 to Rs1,903.29.
Jewellers said prices in the local market remained lower by Rs12,000 per tola compared with the Dubai gold market rates.
Sheikh argued that the government should have maintained stable petroleum prices
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