Gold prices up Rs1,200 per tola

KARACHI: Gold prices increased by Rs1,200 per tola on Wednesday in the local market following an increase in the international market.

The All Sindh Saraf Jewellers Association stated that gold rates reached Rs253,500 per tola.Similarly, the price of 10-gram gold rose by Rs1,029 to Rs217,335.Gold rates increased by $27 to $2,415 per ounce in the international market.

Silver rates increased by Rs40 to Rs2,900 per tola. Similarly, 10-gram silver rates also rose by Rs28.3 to Rs2,486.28.Prices in the local market are adjusted by a premium of $20 against rates in the international market.