Gold prices continue to rise in local, global markets

Gold per tola increased by Rs6,600, while 10-gram gold saw an increase of Rs5,659.

Listen to article

Gold prices in Pakistan rose on Wednesday, following gains in the international market.

Locally, gold per tola increased by Rs6,600 to close at Rs349,400, while 10-gram gold was sold at Rs299,554, up by Rs5,659, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Tuesday, gold per tola had reached Rs342,800 after gaining Rs300. Internationally, gold prices jumped to $3,310 per ounce with a $20 premium, a $66 increase, as reported by APGJSA.

Meanwhile, silver prices also rose by Rs56 to Rs3,466 per tola.

Globally, gold gained 0.2% on Tuesday, supported by a weaker dollar and cautious optimism over US-China trade talks and progress in Russia-Ukraine peace negotiations. The dollar index fell 0.2%, making gold more affordable for holders of other currencies.