Gold up Rs550/tola

KARACHI: Gold prices further increased by Rs550/tola to a new all-time high in the local market.

According to the rates announced by All Sindh Saraf Jewellers Association, prices increased to Rs86,800/tola. Similarly, 10 grams gold rate increased by Rs472 to Rs74,417.

In the international gold market, prices rose by $5/ounce to $1,500/ounce. Prices in the local market were still trading lower by Rs2,500/tola, compared with the gold rates in the Dubai market, local jewelers said.