Gold prices go up by Rs1600 per tola in Pakistan

Karachi: The local markets witnessed a substantial increase in the price of 24 karat gold, with a surge of Rs 1600 per tola on Tuesday.

The All Sindh Sarafa Jewellers Association reported that the cost of 10 grams of 24 karat gold also rose by Rs 1600, reaching Rs 221,300 in the local market.

Besides it, both per tola and 10 grams of silver experienced an upswing, climbing by Rs 1372 to reach Rs 189,729.

Internationally, the price of gold increased by $12, and reached $2094.

As of 0757 GMT, spot gold showed a 0.6% increase at US$2,074.01 per ounce, while US gold futures rose by 0.6% to US$2,083.00 per ounce.

In other commodities, spot silver observed a 1% rise to US$24.04, and palladium registered a 0.2% increase, reaching US$1,100 per ounce.