Gold prices remain unchanged

KARACHI: Gold prices in the local market remained unchanged on Thursday.According to All Sindh Saraf Jewellers Association data, gold rates in the local market remained unchanged at Rs241,300 per tola.

Similarly, the 10-gram gold price also stood the same at Rs206,876.Gold rates, however, increased by $3 to $2,335 per ounce in the international market.Silver rates remained unchanged at Rs2,750 per tola. The price of 10-gram silver also stood the same at Rs2,357.68.

Prices in the local market are adjusted by a premium of $20 against rates in the international market.Local jewellers claimed that gold rates in the local market were undervalued by Rs3,000 per tola compared with the international market because of the weak purchasing power in the country.