KARACHI: The gold prices in Pakistan saw an increase of Rs1,000/tola on Monday after the rupee reached a new low.

The gold prices in the local market stood at Rs123,800/tola, while it stood at Rs857 to Rs106,138/10 grams. However, last week, the prices closed at Rs123,800/tola and Rs106,138/10 grams.

It is anticipated that the price of gold will reduce in the days to come after Pakistan and the Saudi fund sign a deposit agreement worth $3 billion.

Meanwhile, the commodity prices in the international market have increased due to the impact of the Omicron coronavirus variant.

The gold prices in the international market increased $7 to settle at $1,794.

Meanwhile, silver prices in the local market remained unchanged at Rs1,460/tola and Rs1,251.71/10 grams.