Gold prices witnessed an increase in the local market on Monday, with the 24-karat per-tola rate rising by Rs1,700 to settle at Rs428,436, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association. Similarly, the price of 10 grams of 24-karat gold increased by Rs1,457 to Rs367,314, while the price of 10 grams of 22-karat gold gained Rs1,335 to reach Rs336,716.

In the international market, the price of gold climbed by $17 to $4,060 per ounce, the association reported. Meanwhile, silver prices also recorded an upward trend in the local market. The price of silver per tola increased by Rs54 to Rs6,291, while the price of 10 grams of silver rose by Rs46 to Rs5,393. The price of silver in the international market also increased by $0.54 to $58.12 per ounce, the association added.

Credit: Independent News Pakistan (INP)