KARACHI: Gold prices rose by Rs3,700 per tola on Thursday in the local market following an increase in the international market.

The All Sindh Saraf Jewellers Association said that gold rates reached Rs278,000 per tola.Similarly, the price of 10-gram gold rose by Rs3,172 to Rs238,340.Gold rates increased by $37 to $2,668 per ounce in the international market.

Silver rates increased by Rs200 to Rs3,450 per tola. Similarly, 10-gram silver rates also rose by Rs171.47 to Rs2,957.Prices in the local market are adjusted by a premium of $20 against rates in the international market.