World rates push local gold rates upward

The growing price of yellow metal in the world market pushed up the domestic rates of the product by Rs2,000 per tola and Rs1,715 per 10 grams on Tuesday.

The new rates of per tola gold and per 10 grams are being quoted at Rs58,300 and Rs49,983 respectively.

The Association quoted international gold price of $1,212 per ounce, up seven dollars per ounce related to Monday.

Up until July, local gold rates were on a downward trajectory due to improving rupee value against dollar in the open and interbank market, while international gold prices were swinging both ways.

 

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