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Gold prices increased in Pakistan on Wednesday, with the rate of 24-karat gold rising by Rs3,500 per tola to Rs425,636, according to the All Pakistan Sarafa Gems and Jewellers Association.
The association also reported gains in other gold categories. The price of 10 grams of 24-karat gold climbed by Rs3,001 to Rs364,914. Meanwhile, 10 grams of 22-karat gold rose by Rs2,751 to Rs334,516.
Gold prices also moved higher in the international market. According to the association, the price increased by $35 to reach $4,031 per ounce.
The rise in international prices accompanied the increase in domestic gold rates, adding to the latest movement in Pakistan’s bullion market.
Silver prices also increased in the local market on Wednesday.
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The price of silver rose by Rs61 per tola to Rs5,854. Similarly, 10 grams of 24-karat silver gained Rs52 to reach Rs5,018.
In the international market, silver prices increased by $0.61 to $53.76 per ounce, the association reported.
The latest figures reflect gains in both gold and silver prices in Pakistan, alongside increases in their reported international rates.
