KARACHI: Gold prices in the local market increased further on Wednesday, following a rise in global prices.
According to data shared by the All-Pakistan Gems and Jewellers Association, the price of gold per tola increased by Rs 300 to Rs 354,065.
Similarly, the price of 10 grams of gold in the local market increased by Rs 237, taking the new price to Rs 304,068.
The bullion rates registered slight gains in international market where per ounce rates surged by $3 to climb to $3,330.
However, silver prices in Pakistan witnessed downward trend as per tola rates dipped to Rs3,764 after losing Rs26 while 10-gram was traded at Rs3,227 after a decline of Rs22.
A day earlier, gold rates in Pakistan witnessed sharp decline, in line with a major drop in international market. The price of gold per tola fell by Rs3,800, bringing the new rate down to Rs354,365.
The price of 10 grams of gold also dropped by Rs3,258, settling at Rs303,810. The latest dip follows Monday’s marginal decrease of Rs300 per tola, when the rate closed at Rs358,165.
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