Gold shines, price rises by Rs800 per tola in Pakistan

Gold shines, price rises by Rs800 per tola in Pakistan

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KARACHI: Gold prices rose in Pakistan on Monday as concerns over the state of the economy renewed fears of a shift from risky commodities to safer ones.

Gold prices in the local gold market rose by Rs 800 per tola and Rs 686 per 10 grams to close at Rs 132,400 and Rs 113,513.

Gold settled at Rs 131,600 per tola and Rs 112,826 per 10 grams on Saturday.

The precious commodity has risen by Rs 1,800 over the past two sessions, according to the All-Sin Dharafa and Jewellers Association.

Gold prices in Pakistan are around Rs 4,000 below cost compared to prices in the Dubai market. Meanwhile, silver prices were unchanged at Rs 1,520 and Rs 1,303.15 in the domestic market today.

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