Gold prices continued their upward trend in international and local markets on Wednesday, with the price of gold per tola increasing by Rs4,200.
In the international bullion market, the price of gold increased by $42 per ounce, taking the global rate to a new level of $4,415 per ounce.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), following the global market trend, the price of gold per tola rose by Rs4,200, reaching Rs463,936. Similarly, the price of 10 grams of gold increased by Rs3,601 to reach Rs397,750.
Silver prices also witnessed gains in the domestic market. The price of silver per tola increased by Rs146 to Rs7,111, while the price of 10 grams of silver rose by Rs125 to Rs6,096.
A day earlier, the price of gold increased by Rs2,400 per tola to Rs459,736 while the price of 10 grams of gold rose by Rs2,058 to Rs394,149. On Tuesday, the local price of gold per tola climbed Rs800 during the day to close at Rs457,366. 10 grams of gold was quoted at Rs392,091, up Rs685.
On Saturday, the per-tola rate had advanced Rs2,200 to finish at Rs456,536. Internationally, gold gained $8 to settle at $4,349 per ounce, carrying a $20 premium.
Silver also edged higher in the domestic market, rising Rs77 to Rs6,903 per tola.
