Gold price jacks up by Rs1,500 per tola

Gold price in Pakistan jumped by Rs1,500 per tola in Pakistan on Tuesday in the wake of the depreciation of the Pakistani rupee against the US dollar.

The price of the precious commodity rose by Rs1,500 per tola and Rs1,286 per 10 grams to settle at Rs142,900 and Rs122,514, respectively.

The yellow metal closed at Rs141,400 per tola and Rs121,228 per 10 grams a day earlier.

The price of 10 gram 24 karat fold also increased by Rs 1286 and was sold at Rs 122,514 against its sale at Rs 121,228 whereas the prices of ten gram 22 karat gold also increased to Rs 112,304 against its sale at Rs 111,125, All Sindh Sarafa Jewellers Association reported.

The price of per tola and ten gram silver remained constant at Rs1520 and Rs 1303.15 respectively.

The price of gold in international market decreased by $4 and was sold at $1703 against its sale at $1807, the association reported.