The price of per tola 24 karat gold increased by Rs500 to Rs171,400 on Thursday against its sale at Rs170,900 during the previous day.
The rates of 10-gram 24 karat gold also increased by Rs429 to Rs146,948 from Rs146,519 whereas the price of ten-gram 22 karat gold went up to Rs134,702 from Rs134,309, All Sindh Sarafa Jewellers Association said.
The price of per tola and ten-gram silver remained unchanged at Rs1990 and Rs1706.10 respectively.
The price of gold in the international market decreased by $30 to $1878 compared to its sale at $1808, the association reported.
Gold price in the local market is heading towards its all-time high of Rs162,500 per tola recorded on July 28.
In the international market, the price of the yellow metal declined by $3 per ounce settling at $1,756 following hawkish comments from Fed officials James Bullard and John Williams.
