KEY POINTS
- Gold price per tola rises by Rs 2,300 to Rs 438,862
- 10-gram gold sold at Rs 376,253, up Rs 1,972
- Silver price increases by Rs 60 to Rs 5,482 per tola
- International gold rate climbs $23 to $4,165 per ounce, with $20 premium
- Positive sentiment driven by global market trends and safe-haven demand
ISLAMABAD: Gold prices in Pakistan continued to rise on Wednesday, reflecting gains in the international market, according to the relevant market association.
The price of gold per tola has reached Rs 438,862, reflecting an increase of Rs 2,300 from the previous session, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Similarly, 10-gram gold was sold at Rs 376,253, up Rs 1,972 on the day. The upward movement follows Tuesday’s significant gain, when the gold price per tola had increased by Rs 7,700 to Rs 436,562.
Internationally, gold prices rose by $23 to reach the level $4,165 per ounce, with a premium of $20. This global upswing has contributed to renewed buying interest in Pakistan’s local market.
Meanwhile, silver also experienced a price jump, increasing by Rs 60 to reach Rs 5,482 per tola.
Analysts note that the positive trend in gold and silver is likely to continue amid ongoing global economic uncertainties, with investors viewing these metals as safe-haven assets in volatile markets.
