Gold prices in Pakistan increased on Monday after falling for five consecutive days, according to the All Pakistan Sarafa Association.

The price of 24-karat gold rose by Rs1,400 per tola, reaching Rs423,436 in the local market.

Similarly, the price of 10 grams of gold increased by Rs1,201 to Rs363,028.

Gold Prices Rise in International Market

Gold prices also moved higher in the international market. The price of gold increased by $14 per ounce to reach $4,009.

The increase in international prices coincided with the recovery in Pakistan’s local gold market.

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Silver Prices Also Increase

Silver prices recorded an upward movement as well.

The price of 24-karat silver rose by Rs20 per tola to Rs5,878, according to the association.

The latest increases follow five consecutive days of declines in local gold prices.