Gold prices witnessed a sharp increase in both global and local markets on Thursday. In the international bullion market, the price of gold per ounce rose by $78, pushing the new global rate to $4,744.
According to the All-Pakistan Gems and Jewellers Sarafa Association, following the increase in global prices, the local price of gold per tola increased by Rs7,800, reaching a new level of Rs496,762.
Similarly, the price of 10 grams of gold in the country increased by Rs6,687 to reach Rs390,416.
Alongside gold, silver prices also recorded an increase in local markets. The price of silver per tola rose by Rs373 to reach Rs8,445, while the price of 10 grams of silver increased by Rs320 to reach Rs7,240.