Islamabad: Gold prices in Pakistan continued to extend gains on Thursday, with the per-tola rate rising by over Rs1,000, in line with the international market as rising inflation boosts its appeal. The price of gold (24 carats) increased by Rs1,100 per tola and Rs943 per 10 grams, settling at Rs203,500 and Rs174,468, respectively, according to data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA). The precious commodity has gained Rs6,000 per tola in the five sessions (Saturday-Thursday). As other markets slide, investors generally find refuge in gold to maintain a low-risk profile. However, prices in the local market remained lower by Rs5,000 per tola compared with the rates in Dubai’s gold market. Meanwhile, silver prices in the domestic market remained unchanged at Rs2,150 per tola and Rs1,843.27 per 10 grams, respectively.
(Islamabad51-Newsdesk)
