Gold price swells locally, drops internationally

KARACHI:The gold price in Pakistan Saturday surged, as the US dollar continued to dominate against the rupees.

The price of 24-carat gold has increased by Rs600 per tola. With this spike, the price of 24-carat gold reached Rs135,900 per tola. Yesterday, the price of 24-carat gold was Rs135,300 per tola.

The price of 10-gram gold of 24-carat has also been increased by Rs514 to reach Rs116,512. The price of 10-gram gold of 22-carat has also popped and now is being traded for Rs106,803. The price of 24-carat and 10-gram silver remained stable by Rs1560 and Rs1337.44, respectively.

In the international market, the price of gold per ounce has also been dropped by $5. The international rate for the gold per ounce has now reached $1813, yesterday it was available at $1818.