Gold rates up Rs2,400 per tola

KARACHI: Gold prices increased by Rs2,400 per tola on Saturday in the local market following an increase in the international market.

The All Pakistan Sarafa Gems and Jewellers Association said that gold rates reached Rs338,500 per tola.

Similarly, the price of 10-gram gold rose by Rs2,058 to Rs290,209. Gold rates increased by $24 to $3,201 per ounce in the international market.

Typically, gold prices in the local market are adjusted by a premium of $20 against rates in the international market.

Silver rates increased by Rs33 to Rs3,410 per tola. Similarly, 10-gram silver rates also rose by Rs28 to Rs2,923.