Gold price improved by Rs 85 to close at Rs 47,485 per 10 grams in the local market Thursday as its international price stayed at $ 1,565 an ounce, market sources said.

According to Karachi Sarafa Association official, tola (11.664 grams) price also increased by Rs 100 to close at Rs 55,400. Silver closed higher at Rs 822.85 per 10 grams.

Meanwhile, in Peshawar, a sudden increase of Rs 400 in bullion prices was seen in the local gold market owing to upward trend of US dollar in the country.

According to Sarafa Association, with the increased price, the current price of one tola gold is Rs 57,700 in the local market. A further increase in bullion prices is also expected in coming days.