Gold price surges sharply

ISLAMABAD: The per tola price of 24 karat gold increased by Rs 16,300 on Tuesday and was sold at Rs 464,062 against its sale at Rs 447,762 the previous day, All Pakistan Sarafa Gems and Jewellers Association reported.

The price of 10 grams of 24 karat gold also increased by Rs 13,975 to Rs 397,858 from Rs 383,883 whereas the price of 10 grams of 22 karat gold went up to Rs 364,716 from Rs 351,905, showing an increase of Rs 12,811.

The rates of per tola silver increased by Rs 570 to Rs 7,454 whereas that of 10 grams silver went up by Rs 489 to Rs 6,390.

The price of gold in the international market increased by $163 to $4,413 from $4,250 whereas that of silver rose by $5.70 to $69.70, the Association reported. APP