KARACHI: Gold prices in Pakistan started the week on a positive note as they surged in line with the rupee’s depreciation against the dollar and gain in international rates. According to data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) increased by Rs3,100 per tola and Rs2,658 per 10 grams to settle at Rs229,900 and Rs197,102, respectively. Meanwhile, the price of the yellow metal saw a minute increase in the bullion as it gained $2 to settle at $1,891 per ounce in the international market today. AA Commodities Director Adnan Agar told Geo.tv that the gold rates in the local market are continuously increasing due to the weaker rupee against the greenback. “The decrease in international rates is not impacting the domestic prices as the dollar continues to become stronger. The international rates fell below the 1900 mark but there has been a bounce back today,” he added. News Desk
