Gold prices continue upward trend as per tola rate rises by Rs4,200

Gold rates rose again on Wednesday in both international and local markets, according to The Express Tribune. The All-Pakistan Gems and Jewellers Sarafa Association reported that the per-tola rate climbed Rs4,200 to Rs463,936, while 10 grams rose Rs3,601 to Rs397,750. The local move followed a $42 gain in the global bullion price, which lifted the ounce rate to a fresh level of $4,415.

Silver also advanced in the domestic market, rising Rs146 to Rs7,111 per tola and Rs125 to Rs6,096 for 10 grams. Earlier in the week, the per-tola gold rate stood at Rs456,536 on Saturday and Rs459,736 a day before this report, reflecting a steady climb.

An earlier global settlement had put gold at $4,349 per ounce after an $8 gain, with a $20 premium recorded. Silver had also moved earlier, adding Rs77 to reach Rs6,903 per tola locally.