ISLAMABAD: The price of 24 karat per tola gold witnessed increase of Rs 800 and was sold at Rs 109,100 in the local market on Thursday against its sale at Rs 108,300.

According to Karachi Sarafa and Jewellers Group reportedThe price of 10 gram 24 karat also increased by Rs 686 and was traded at Rs 93,536 against Rs 92,850 whereas the price of ten gram 22 karat gold went up to Rs 85,741 from Rs 84,112.

The price of per tola and 10 gram silver remained constant at Rs1400 and Rs 1200.27 respectively.

The price of gold in international market increased by US$ 15 and was traded at US$1752 against its sale at US$1737.

Gold rallied hard overnight following on target US inflation data. The fast-money FOMO crowd were out in force in a show of hope over reality, sending gold 1.30% higher.