Gold prices in Pakistan jump up by Rs 2300 per tola

KARACHI: Gold prices recorded back-to-back massive jumps in Pakistan on Monday in line with the increase in the international rate.

In the local market, gold price per tola clocked in at Rs250,400 after a single-day gain of Rs2,300.

The 10-gram gold was sold at Rs214,678 after a gain of Rs1,972, according to rates shared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

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The international rate of gold increased on Monday. As per APGJSA, the rate was set at $2,439 per ounce (with a premium of $20) after an increase of $25 during the day.

Meanwhile, silver rates remained steady at Rs2,850 per tola.

Last month, gold hit an all-time high of Rs252,200 per tola in local market.

On Saturday, gold in Pakistan had increased Rs3,100 per tola.