After consecutive decline, gold prices witness surge in Pakistan

KARACHI -- After a consecutive decline, gold prices in Pakistan surged on Thursday in line with their gain in the international market.

In the local market, gold price per tola reached Rs428,736 after a gain of Rs9,100 during the day.

Similarly, 10-gram gold was sold at Rs367,572 after it increased by Rs7,802 according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Wednesday, gold price per tola reached Rs419,636 after a decline of Rs5,200 during the day.

The international rate of gold was up by $91 to reach $4,063 per ounce (with a premium of $20). Meanwhile, the price of silver increased by Rs203 to reach Rs6,445 per tola.