Gold prices rise again in Pakistan

KARACHI: Gold prices in Pakistan registered gains for the second consecutive session on Thursday in line with an increase in the international rate. In the local market, gold price per tola stood at Rs243,300 after a single-day gain of Rs1,000.

The 10-gram gold was sold at Rs208,590 after it registered an increase of Rs857, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Wednesday, gold price per tola increased by Rs800 in Pakistan.

SBP reports 14.51 per cent YoY increase in total money supply

The international rate of gold increased on Thursday. As per APGJSA, the rate was at $2,355 per ounce (with a premium of $20) after it gained $10 during the day.

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

Back in April, gold hit an all-time high of Rs252,200 per tola in the local market.