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 a fresh all-time high of Rs472,862 after a gain of Rs2,000 during the day.
Similarly, 10-gram gold was sold at Rs405,402 after it increased by Rs1,714, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Tuesday, gold price per tola reached Rs470,862 after a gain of Rs8,500 during the day.
The international rate of gold was up by $20 to reach $4,505 per ounce (with a premium of $20).
Meanwhile, the price of silver also increased by Rs500 to clock in at Rs7,505 per tola.
Internationally, gold surged past the $4,500-an-ounce mark for the first time on Wednesday, while silver and platinum also scaled record highs, as investors piled into precious metals on safe-haven demand and expectations that US interest rates will fall further next year.
Spot gold rose 0.1% to $4,492.51 per ounce by 0359 GMT, after touching a record high of $4,525.19 earlier in the session.
US gold futures for February delivery climbed 0.3% to a record high of $4,520.60.
Silver gained 1.2% to $72.27 an ounce, after hitting an all-time peak of $72.70 earlier.
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