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Published 19 Feb, 2024 01:48pm

Gold price surges by Rs1,100/tola in Pakistan

The price of gold recorded an increase of Rs1,100 and now stands at Rs214,300 per tola for selling on February 20 in Pakistan, compared with the previous rate of Rs213,200/tola.

The price of gold 10 grammes also showed a hike of Rs943 to settle at Rs183,728 in the local market as against the earlier price of Rs182,099.

In the international market, gold prices rose to a near one-week high on Monday as a slight pullback in the US dollar and escalating tensions in the Middle East lifted its safe-haven appeal.

Spot gold was up 0.4% at $2,021.09 per ounce, hitting its highest since Feb. 13 while US gold futures also rose 0.4% to $2,032.40 per ounce.

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