Gold price in Pakistan registers minor gains

Price of gold in international market increases $3 per ounce to reach $2,013
An undated image of gold bars. — Canva

An undated image of gold bars. — Canva

Gold price in Pakistan rejoined the upward trend by gaining Rs300 per tola on Thursday, demonstrating its stride to align with the international market rates of yellow metal.

According to the data provided by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) increased by Rs300 per tola and Rs257 per 10 grams to settle at Rs211,100 and Rs180,984, respectively.

The slight increment in the rates of yellow metal was observed in the wake of a very minute increase of $3 per ounce in the international market to settle at $2,013.

Meanwhile, the cost of silver remained unchanged, staying at Rs2,580. Whereas, the rate of 10 grams silver remains stable at Rs2,212, as per the data revealed by the association.

Fluctuations in gold prices in Pakistan are caused by political and economic instability, as well as rising inflation and devaluation of the currency.