Gold rates up Rs3,500 per tola

KARACHI: Gold prices increased by Rs3,500 per tola on Friday in the local market following an increase in the international market.

The All Pakistan Sarafa Gems and Jewellers Association said that gold rates reached Rs351,000 per tola. Similarly, the price of 10-gram gold rose by Rs3,000 to Rs300,925.

Gold rates increased by $35 to $3,326 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 Rs38 to Rs3,466 per tola. Similarly, 10-gram silver rates also rose by Rs33 to Rs2,971.