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Gold Rates in Pakistan Increase Despite Decline in Int’l Prices

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LAHORE MIRROR – Gold rates in Pakistan jumped in the local bullion markets on Monday.

According to data issued by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) appreciated by Rs1,100 per tola and Rs943 per 10 grams to settle at Rs221,700 and Rs190,072, respectively.

Meanwhile, the price of the yellow metal decreased by $2 to settle at $1,94 per ounce in the international market as the US dollar and Treasury yields gained after traders digested Friday’s jobs report, with attention turning to US inflation data later this week.