Gold prices in Pakistan increased on Thursday in line with their gain in the international market. In the local market, gold price per tola reached Rs423,062 after a gain of Rs3,700 during the day.
Similarly, 10-gram gold was sold at Rs362,707 after it registered an increase of Rs3,112, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Wednesday, gold price per tola reached Rs419,362 after a decline of Rs1,000 during the day.
The international rate of gold also increased today. As per APGJSA, the rate was at $4,007 per ounce (with a premium of $20), an increase of $37 during the day.
Moreover, silver price increased by Rs90 per tola to reach Rs5,112.
Additionally, international gold inched higher on Thursday as the dollar slipped from a four-month high and investors remained uncertain regarding the US economic outlook amid a government shutdown.
Spot gold was up 0.1% at $3,986.23 per ounce by 0427 GMT.
Bullion has fallen about 9% since hitting a record high of $4,381.21 on October 20. US gold futures for December delivery added 0.1% at $3,994.60 per ounce.