Gold price increases by Rs7,900 per tola in Pakistan

Gold rates in Pakistan rose on Wednesday, tracking a gain in the international bullion price. According to Business Recorder, the local price of a tola climbed by Rs7,900 during the day to reach Rs457,236. The 10-gram rate rose Rs6,773 to Rs392,006, based on figures shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Tuesday's session had ended with a tola price of Rs449,336 after a Rs4,000 drop. Overseas, gold rose $79 to $4,347 per ounce. Silver also firmed up, adding Rs140 to close at Rs6,942 per tola.

Taken together, the Wednesday figures show upward movement in both the tola and 10-gram rates during the session. Silver moved in the same direction, and the report presented its rise alongside the gold quotes.