Gold gains Rs500/tola

KARACHI: Gold rates in the local market went up by Rs500 per tola on Wednesday.

According to data released by All Sindh Saraf Jewelers Association (ASSJA), gold rates in the local market moved up to Rs127,150 per tola.

Similarly, 10-gram gold price also increased by Rs429 to Rs109,011. In the international market, gold rates increased by $7 to $1,845 per ounce.

Silver rates remained unchanged at Rs1,470 per tola. The price of 10-gram silver also stood the same at Rs1,260.28. Local jewelers said gold rates in the local market remained lower by Rs1,000 per tola compared with rates in the Dubai gold market.