Gold prices in Pakistan increased on Wednesday in line with their gain in the international market. In the local market, gold price per tola reached Rs443,062 after a gain of Rs1,200 during the day.
Similarly, 10-gram gold was sold at Rs379,854 after it increased by Rs1,029, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Tuesday, gold price per tola reached Rs441,862 after a decline of Rs1,900 during the day.
The international rate of gold was up by $12 to reach $4,207 per ounce (with a premium of $20).
Meanwhile, the price of silver increased by Rs265 to reach Rs6,367 per tola.
Internationally, gold inched higher on Wednesday as investors prepared to parse Federal Reserve Chair Jerome Powell’s guidance on the day when the bank is expected to cut interest rates, while silver continued to push its record-breaking run above $60 an ounce.
Spot gold edged up 0.2% to $4,215.61 per ounce, as of 0309 GMT.
US gold futures for February delivery rose 0.2% to $4,244.70 per ounce. Spot silver was up 0.6% at $61.06/oz after hitting an all-time high of $61.46 earlier in the session.
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