Gold Price Rises in Pakistan, Remains Near Rs. 4.5 Lakh per Tola
24-Karat Gold Gains Rs. 800 Per Tola
Gold prices in Pakistan increased on Wednesday, recovering from the decline recorded in the previous session as international gold rates also moved higher.
According to data released by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold increased by Rs. 800 per tola to reach Rs. 462,936.
The price of 24-karat gold for 10 grams also climbed by Rs. 686, reaching Rs. 396,893.
Gold Recovers After Tuesday’s Decline
The latest increase follows a Rs. 1,000 decline recorded on Tuesday, when gold closed at Rs. 462,136 per tola.
The recovery in the local market came alongside an upward movement in international gold prices, providing support to domestic rates.
International Gold Prices Also Rise
In the international market, gold prices increased by $8 per ounce, settling at $4,404 per ounce, including a $20 premium.
The continued strength in global gold prices remains an important factor influencing bullion rates in Pakistan.
Silver Prices Move Higher
Silver also recorded an increase on Wednesday. The price of silver rose by Rs. 72 per tola, reaching Rs. 7,141 per tola.
With both gold and silver prices moving higher during the session, local bullion markets continued to track developments in international precious metals prices.
