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KARACHI: Gold prices - locally and internationally - shot up heavily on Thursday with global bullion value going past USD 4,200 per ounce, traders said.
The local market saw ripples with huge gains of Rs8,300 and Rs7,116, driving gold prices to Rs443,062 per tola and Rs379,854 per 10 grams, respectively.
According to the All Pakistan Sarafa Gems and Jewelers Association that the world bullion prices soared by USD 83 to USD 4,207 per ounce while silver grew by USD 2.28 to USD 52 per ounce.
Domestic silver prices followed suit, rising by Rs228 and Rs196, reaching Rs5,662 per tola and Rs4,854 per 10 grams, respectively, the association added.
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