Gold prices in Pakistan increased on Monday in line with their gain in the international market. In the local market, gold price per tola reached Rs443,762 after an increase of Rs1,600 during the day.
Similarly, 10-gram gold was sold at Rs380,454 after it accumulated Rs1,372, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Saturday, gold price per tola reached Rs442,162 after a decline of Rs2,300 during the day.
The international rate of gold increased by $16 to reach $4,214 per ounce (with a premium of $20).
Meanwhile, the price of silver also jumped by Rs30 to reach Rs6,102 per tola.
Additionally, international gold nudged higher on Monday, supported by a softer dollar as traders grew more confident the US Federal Reserve will deliver an interest-rate cut at its policy meeting this week. Spot gold was up 0.3% at $4,212.70 per ounce, as of 0319 GMT.
US gold futures for December delivery were steady at $4,241.30 per ounce.
The US dollar edged lower to hover near one-month lows touched on December 4, making greenback-priced gold cheaper for overseas buyers.
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