Gold prices sharply rise in Pakistan again

After two days of huge declines, the price of gold in Pakistan saw an upward trend on Wednesday, reflecting global market trends. In the local market, the price of 24-karat gold per tola increased by Rs1,600, settling at Rs275,900, according to data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the price of 10 grams of 24-karat gold hiked by Rs1,372, taking it to Rs236,540. In the international market also, the price of gold saw a slight rise of $16 on Wednesday, reaching $2,647 per ounce with an additional premium of $20. Silver prices in the local market also decreased significantly by Rs50, and reached at Rs3,400 per tola.