Gold price surges Rs2,000 per tola in Pakistan

Karachi: Gold prices jumped on Thursday in the backdrop of boosted demand for the yellow metal in the local bullion markets.

Data released by All Sindh Sarafa Association showed that the gold price in Pakistan surged by Rs2,000 per tola and Rs1,715 per 10 grams to settle at Rs141,000 and Rs120,885.

A surge of over 1.43% per tola snapped the four-day losing streak of the yellow metal during which the price of gold declined by Rs8,100 in the local market. 

The price of yellow metal plunged by $13 per ounce to settle at $1,702 in the international market.