Gold price rises by Rs150 per tola in Pakistan

• Price of gold in Pakistan settles at Rs125,450 per tola and Rs107,553 per 10 grams.
• International gold price remained unchanged at $1,797 today.
• Silver prices in the domestic market remain unchanged at Rs1,460 per tola.

KARACHI: The price of gold in Pakistan recorded an increase of Rs150 per tola and Rs129 per 10 grams to settle at Rs125,450 per tola and Rs107,553 per 10 grams, respectively.

A day earlier, the precious commodity closed at Rs125,300 per tola and Rs107,424 per 10 grams.

Cumulatively, the yellow metal had gained Rs850 per tola in the local market last week.

The international gold price remained unchanged at $1,797 today, as a dip in the US dollar and risks posed to global economic growth from a surge in the Omicron variant cases burnished the metal's safe-haven appeal.

Analysts had earlier said moves in gold were likely to remain muted, in part due to thinning liquidity into the year-end.

Meanwhile, silver prices in the domestic market remained unchanged at Rs1,460 per tola and Rs1,251.71 per 10 grams.