Gold regained lost ground on Monday as bargain hunting trickled in after prices dropped some day earlier in response to the continued recovery of the Pakistani rupee against the US dollar.

Data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of gold (24 karats) increased by Rs500 per tola and Rs429 per 10 grams to settle at Rs196,500 and Rs168,467, respectively.

The price of 10 grams gold of 22 karat traded at the local market at Rs1,54,427 on Monday.

Meanwhile, 24 karats pure silver prices in the domestic market remained unchanged and traded at Rs 2,130 per tola while 10 grams of 22 karat silver traded at Rs1,826.13 per 10 grams.

In the international market, gold prices increased by US$1 per ounce and traded at US$1,844 per ounce.