Shafaqna Pakistan: Gold prices in Pakistan continued their upward trajectory on Monday, marking a fourth consecutive daily increase as international bullion prices also strengthened.
According to the All Pakistan Sarafa Association, the price of 24-karat gold rose by Rs4,200 per tola to Rs487,136. The price of 10 grams of 24-karat gold also increased by Rs3,601, reaching Rs417,640.
The rise in local prices followed gains in the international market, where gold climbed $42 per ounce to reach $4,646.
Gold prices in Pakistan are generally influenced by international bullion rates as well as fluctuations in the rupee-dollar exchange rate.
Meanwhile, silver prices remained unchanged. The price of silver stood at Rs7,379 per tola, with no increase recorded during the day.
The latest rise marks the fourth consecutive day of gains in gold prices, keeping the precious metal at elevated levels in both domestic and international markets.
Source: Dunya News
