Gold prices witness yet another massive increase in Pakistan

Gold prices witness yet another massive increase in Pakistan

KARACHI – Gold witnessed an upward trend on Thursday after losing groundduring first three days of the week as per tola price in Pakistan surged byRs3,800 per tola to reach Rs196,000.

According to the All-Pakistan Sarafa Gems and Jewellers Association(APSGJA), the price of 10 grams of 24 carats gold increased by Rs3,258 tosettle at Rs168,038.

Yesterday, the South Asian country witnessed a drop of Rs3,700 per tola ingold price that closed at Rs192,200. In the international market, thecommodity price increased by $2 to reach $1,839 per ounce.

Meanwhile, silver prices in the domestic market remained unchanged atRs2,100 per tola and Rs1,800 per 10 grams, respectively.