Gold’s price per tola jumped Rs3,300 in Pakistan during the week, according to the rates compiled by All Sindh Sarrafa Jewelers Association. The gold price in the international market rose to $1,885 an ounce by the time this story was filed. On May 12, the precious metal was at $1,815 per ounce. Its international price affects the price in the local market. The metric used to quantify gold in the international market is ounce while tola is used in Pakistan and the rates are quoted respectively. A tola is approximately one-third of an ounce. AA Gold Commodities Operations Director Adnan Agar says the volatility of cryptocurrencies, especially bitcoin, and inflation in the US
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