Gold prices stand unchanged

KARACHI: Gold prices stood unchanged in the local market on Monday. The All Sindh Saraf Jewellers Association stated that gold rates stood the same at Rs256,500 per tola.

Similarly, the price of 10-gram also remained unchanged at Rs219,907.Gold rates increased $9 to $2,439 per ounce in the international market.

Silver rates remained unchanged at Rs2,850 per tola. Similarly, 10-gram silver rates also stood the same at Rs2,443.41.Prices in the local market are adjusted by a premium of $20 against rates in the international market.

Local jewellers claimed that gold prices in the local market were kept lower by Rs2,500 per tola as compared with the international market because of the weak purchasing power in the country.