Gold price sharply increases in Pakistan

KARACHI: In line with the international market, the gold price in Pakistan increased on Tuesday amid depreciation in the Pakistani rupee and uncertainty in oil prices.

According to Sindh Sarafa Bazar Association, the price of the precious commodity rose by Rs300 per tola and Rs257 per 10 grams to settle at Rs131,000 and Rs112,311, respectively.

The price of gold rose by US$2 per ounce to reach US$1928 per ounce in the global market. Gold price rose after the dollar reached its highest level.

Meanwhile, silver prices in the domestic market remained unchanged at Rs1,510 per tola and Rs1,294.58 per 10 grams today.

A day earlier, the precious commodity closed at Rs130,700 per tola and Rs112,054 per 10 grams.