With Rs. 400 per tola rise, the price of gold has gone up to Rs. 51,800 in the local market today.
It was noticed that the price of gold in the international market went up by $9. It was priced at USD 1,339 per ounce. The price hike in international market had a trickle-down effect on the local market.
According to the report of All Pakistan Supreme Council Jewelers Association, a hike of Rs 400 was witnessed in the local market after which gold markets in various districts including Karachi, Hyderabad, Lahore, Multan, Faisalabad, Islamabad, Rawalpindi, Quetta and others increased the price of gold from Rs 51,400/tola to Rs 51,800/tola.