Gold prices make a massive jump to Rs 3100 per tola

KARACHI: Gold prices recorded a massive jump in Pakistan on Saturday in line with the increase in the international rate.

In the local market, gold price per tola clocked in at Rs248,100 after a single-day gain of Rs3,100.

The 10-gram gold was sold at Rs212,706 after a gain of Rs2,658, according to rates shared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

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The international rate of gold increased on Saturday. As per APGJSA, the rate was set at $2,414 per ounce (with a premium of $20) after an increase of $30 during the day.

Meanwhile, silver rates stood at Rs2,850 per tola, registering an increase of Rs120.

Last month, gold hit an all-time high of Rs252,200 per tola in the local market.

On Friday, gold in Pakistan had declined Rs600 per tola.