KARACHI - Gold price improved by Rs 86 to Rs 49,500 per 10 grams in the local market Tuesday, market sources said. According to Karachi Sarafa Association official, tola (11.664 grams) price also went up by Rs 100 to Rs 57,750. Silver closed higher at Rs 930 per 10 grams. Reuters adds from London: Gold held near $1,675 an ounce on Tuesday as investors took to the sidelines ahead of the release of minutes from the Federal Reserve's latest policy meeting, which will be closely watched for clues on the direction of U.S. monetary policy.

 open market forex rates on 03/04/2012

Country     SELLING    BUYING
Euro     120.4     121.7
Japanese Yen     1.09     1.1
Saudi Riyal     24.15     24.35
UK Pound Sterling     144.3     145.3
US Dollar     90.8     91.15

Precious metals prices in Pakistan Rupee

Metal     10g     1 Tola     1 Ounce
6    6    6    6
Gold 24K      48,961       57,048       152,290
Palladium     19,308     22,497     60,056
Platinum     48,145     56,097     149,751
Silver     963     1,122     2,996