(BOLONEWS) – Karachi : The US Federal Reserve’s 25 basis points cut in interest rates has led to a renewed rise in gold prices due to rising global demand.
The price of gold per ounce in the international bullion market has suddenly increased by $53 to $4,018.
Due to the increase in the global market, the price of 24-carat gold per tola in the local bullion markets has also increased by Rs5,300 to Rs424,162 on Friday.
Along with this, the price of gold per ten grams has also increased by Rs4,544 to Rs363,650.
Similarly, the price of silver per tola increased by Rs 158 to Rs 5,192 and the price of ten grams of silver also increased by Rs 136 to Rs 4,451.