Gold and silver prices witnessed a significant increase in the local market on Wednesday, according to the rates issued by the All Pakistan Sarafa Gems and Jewellers Association.
Gold prices up by Rs.13,900 per tola
ISLAMABAD, Nov 4 (APP): Gold and silver prices witnessed a significant increase in the local market on Wednesday, according to the rates issued by the All Pakistan Sarafa Gems and Jewellers Association.
According to the association, the price of 24-karat gold per tola increased by Rs13,900 to settle at Rs426,036, while 10-gram 24-karat gold rose by Rs11,917 to Rs365,257.
Similarly, the price of 10-gram 22-karat gold increased by Rs10,925 to reach Rs334,831.
In the international market, gold prices increased by $139 to settle at $4,035 per ounce.
Meanwhile, silver prices also registered an increase of Rs295 per tola to reach Rs5,663, while the price of 10-gram silver rose by Rs253 to Rs4,855.
In the international market, silver was quoted at $51.85 per ounce, up by $2.95.
The association stated that gold rates were based on interbank exchange rates, with purity of 999.0 (24 karat).
