Gold price surges by Rs3,500 to Rs419,862 per tola

The price of per tola 24 karat gold increased by Rs3,500 on Wednesday to reach Rs419,862 compared to the previous day’s rate of Rs416,362.
Similarly, the price of 10-gram 24 karat gold rose by Rs3,000 to Rs359,963 against Tuesday’s Rs356,963, according to the All Pakistan Sarafa Gems and Jewellers Association.
The price of 10-gram 22 karat gold was recorded at Rs329,978 after an increase of Rs2,751, up from yesterday’s Rs327,227.
At the international market, gold was traded at $3,975 per ounce, reflecting a gain of $35 from the previous rate of $3,940.
Likewise, silver also registered an increase as the per tola 24 karat silver price increased by Rs110 to Rs5,034 from Rs4,924 a day earlier. The 10-gram silver rate rose by Rs94 to Rs4,315 against the previous Rs4,221.
The international silver price reached $47.72 per ounce, up by $1.10 from $46.62.