Gold prices jump sharply in local, global markets

Gold prices recorded a sharp increase on Monday, rising in both international and domestic markets following a strong jump in global rates. In the international bullion market, the price of gold rose by $92 per ounce to reach $4,424 per ounce. The surge was reflected in local bullion markets, where the price of 24-carat gold increased by Rs9,200 per tola, taking the rate to Rs464,762. The price of 10 grams of gold rose by Rs7,888 to Rs398,458. Silver prices also moved higher in the domestic market. The price of silver increased by Rs267 per tola to Rs8,023, while the rate for 10 grams rose by Rs229 to Rs6,878.