Gold’s price per tola jumped Rs2,850 in Pakistan on Wednesday, according to the rates compiled by the All Sindh Sarrafa Jewelers Association. A tola of gold is now selling for Rs112,750. The gold price in the international market rose to $1,904 an ounce by the time this story was filed. Only two weeks ago, on May 12, the precious metal was trading at $1,815 per ounce. Its international price affects the prices 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. Adnan Agar, who is the operations director of AA Gold Commod
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