The price of gold increased by Rs700 and now stands at Rs215,800 per tola for selling on February 27 in Pakistan on Monday, the All Sindh Sarafa Jewellers Association reported.

Similarly, the price of 10 grammes of gold also increased by Rs600 to Rs185,014 from the earlier price of Rs184,414.

Likewise, the price of 10 grammes 22 karat gold went up to Rs169,596 from the previous price of Rs169,046.

The price of per tola and 10 grammes silver remained unchanged at Rs2,570 and Rs2,203.36, respectively.

Gold prices inched lower on Monday pressured by a gaining US dollar, but bullion’s losses were cushioned as growing tensions in the Middle East supported the safe-haven near last session’s over two-week highs, Reuters reported.

Spot gold was down 0.2% at $2,032.3 per ounce, as of 0405 GMT while US gold futures edged 0.4% lower to $2,041.5 per ounce.

“Gold has exhibited some mild easing to kick-off the new week mostly due to the dollar ticking higher. However, geopolitical concerns have not dissipated, and this is keeping the yellow metal very much on the radar of investors from a safe-haven standpoint,” Tim Waterer, chief market analyst at KCM Trade, said.