Gold price rises by Rs3,500 per tola in Pakistan
Caption: Representational image.
Gold price after $35 per ounce increase in international market touched $3326 mark while in Pakistan gold is being sold at Rs351,000 per tola after an increase of Rs3,500 on Friday, reported 24NewsHD TV channel.
Price of ten grams gold rose by Rs3,925 while price of silver metal also registered an increase of Rs38 per tola.
Gold rates in Pakistan are determined by the global gold rates and the Pakistani rupee exchange rate.
The price of gold fluctuates depending on the market, and the Pakistani rupee exchange rate also fluctuates, so the gold rate in Pakistan sometimes changes frequently.
The rates are updated every few hours and are updated more frequently at times of strong price moves based on live spot gold price.
Reporter: Ashraf Khan