Gold rates rise Rs1,500 per tola

KARACHI: Gold prices increased by Rs1,500 per tola on Saturday in the local market following an increase in the international market.

According to the All Pakistan Sarafa Gems and Jewellers Association, gold rates reached Rs363,000 per tola.

Similarly, the price of 10-gram gold rose by Rs1,206 to Rs311,213.

Gold rates increased by $15 to $3,432 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 Rs7 to Rs3,787 per tola. Similarly, 10-gram silver rates also rose by Rs6 to Rs3,246.