KARACHI: Gold prices rose by Rs800 per tola on Wednesday in the local market following an increase in the international market.

The All Sindh Saraf Jewellers Association said that gold rates reached Rs274,300 per tola.

Similarly, the price of 10-gram gold rose by Rs686 to Rs235,168.

Gold rates increased by $8 to $2,631 per ounce in the international market.

Silver rates remained unchanged at Rs3,250 per tola. Similarly, 10-gram silver rates also stood the same at Rs2,786.

Prices in the local market are adjusted by a premium of $20 against rates in the international market.