Gold prices registered significant gains in both international and Pakistani markets on Wednesday. The precious metal saw a substantial increase of $79 per ounce in the global bullion market, settling at $4,092.
This international surge directly impacted local rates. The price of gold per tola in Pakistan rose by Rs7,900, reaching a new level of Rs431,562. Correspondingly, the price for 10 grams of gold increased by Rs6,773, settling at Rs369,994.
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This upward movement marks a reversal from the previous day’s trend. On Tuesday, domestic gold prices had fallen, with the per tola rate dropping by Rs7,000 to close at Rs423,662, despite a rebound in the international market from a one-week low.
Market analysts noted that the international price had been trading between $3,997 and $4,080, showing a mild correction after two consecutive days of gains. The latest data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) confirms the current price adjustment, reflecting the commodity’s sensitivity to global market fluctuations.