Gold price rises by Rs8,500 to reach Rs470,862 per tola

The price of per tola 24-karat gold in Pakistan increased by Rs8,500 on Tuesday, reaching Rs470,862 compared to Rs462,362 on the previous day.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of 24-karat gold rose by Rs7,288, climbing to Rs403,688 from Rs396,400 on last day.
Likewise, the rate of 10 grams of 22-karat gold went up by Rs6,681, closing at Rs370,060 against Rs363,379.
In the international market, gold prices increased by $85, reaching $4,485 compared to $4,400 on the previous day.
Meanwhile, the price of per tola silver and that of 10-gram remained stagnant at Rs Rs7,205 and Rs6,177, respectively. International silver prices also remained unchanged at $69.30.