Gold gains Rs3,500 per tola in Pakistan to reach Rs425,636

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 Rs425,636 after a gain of Rs3,500 during the day.

Similarly, 10-gram gold was sold at Rs364,914 after it gained Rs3,001, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Tuesday, gold price per tola reached Rs422,136 after a decrease of Rs1,300 during the day.

The international rate of gold increased by $35 to reach $4,031 per ounce. Meanwhile, the price of silver also increased by Rs61 to reach Rs5,854 per tola.

The move reverses Tuesday's slide, when the per-tola rate fell Rs1,300 to Rs422,136. The local market tracked the international price move, with the per-tola rate gaining Rs3,500 during the day.