Gold price in Pakistan rises Rs4,300 per tola

Mettis Global reported that gold prices in Pakistan climbed on Wednesday, with 24-karat gold selling at Rs441,636 per tola, a rise of Rs4,300. Figures from the All-Pakistan Gems and Jewelers Sarafa Association put the previous session's rate at Rs437,336 per tola. Per 10 grams, the 24-karat rate stood at Rs378,631, up Rs3,686, while 22-karat gold was quoted higher at Rs347,091.

Silver also moved higher, with 24-karat silver priced at Rs6,578 per tola, up Rs20, and Rs5,639 per 10 grams, up Rs17. On the global front, spot bullion stood near $4,186 per ounce, gaining $1.8 or 0.04% against the previous session as traders looked to American inflation figures for guidance on the Federal Reserve's policy path.

The table in the same report shows a one-month fall of Rs24,500 per tola for gold, and a calendar year to date decline of Rs15,326. For silver, the one-month change is a drop of Rs60 per tola, while the calendar year to date figure is down Rs1,140.