Gold prices register further increase in Pakistan

Gold prices register further increase in Pakistan

Gold regained lost ground on Tuesday as bargain hunting trickled in afterprices dropped some day earlier in response to the continued recovery ofthe Pakistani rupee against the US dollar.

Data released by the All-Pakistan Sarafa Gems and Jewellers Association(APSGJA) showed that the price of gold (24 karats) increased by Rs300 pertola and Rs257 per 10 grams to settle at Rs1,94,400 and Rs1,66,666respectively.

Meanwhile, 24-karat pure silver prices in the domestic market remainedstable and traded at Rs2,080 per tola.

In the international market, gold prices decreased by US$2 per ounce andtraded at US$1,810 per ounce.