Gold rates up 1,700 per tola

KARACHI: Gold prices rose by Rs1,700 per tola on Monday in the local market following an increase in the international market.

According to the All Pakistan Sarafa Gems and Jewellers Association, gold rates reached Rs303,200 per tola. Similarly, the price of 10-gram gold rose by Rs1,458 to Rs259,945.

Gold rates increased by $17 to $2,900 per ounce in the international market. Prices in the local market are adjusted by a premium of $20 against rates in the international market. Silver rates remained unchanged at Rs3,350 per tola. Similarly, 10-gram silver rates also stood the same at Rs2,872.08.