Gold price registered an increase as the gap despite yellow metal losing shine in the international market.
The rate of gold (24 carats) increased by Rs500 per tola and Rs428 per 10 grams to settle at Rs233,600 and Rs200,274, respectively.
The increase is attributed to the increasing value of dollar against Pakistan rupee as in the interbank, the rupee closed at 285, while the open market rate clocked in at 299, and was above 300 a day earlier, which led to jitters in the market about the currency's stability.
But in the international market, the price of gold slipped as signs that a deal to raise the US debt ceiling could be reached in Washington reduced its safe-haven appeal. The gold rate fell $12 to $1,976 per ounce.
The price of silver dropped Rs50 per tola and Rs42.86 per 10 grams to settle at Rs2,900 and Rs2,486.28, respectively.