Gold price in Pakistan rises Rs13,900 per tola

Gold became markedly more expensive in Pakistan on Wednesday, with 24-karat bullion reaching Rs426,036 per tola after a Rs13,900 increase, Mettis Global reported. The 10-gram 24-karat rate climbed Rs11,917 to Rs365,257, while 22-karat gold was quoted at Rs334,831 per 10 grams, based on figures from the All-Pakistan Gems and Jewelers Sarafa Association.

Silver also advanced in the local market: 24-karat silver stood at Rs5,663 per tola, up Rs295, and Rs4,855 per 10 grams, up Rs253. Internationally, spot gold was near $4,048 an ounce, rising $110.2 or 2.80%; the report cited a softer US dollar and caution ahead of US midterm election results and a non-farm payrolls release as market context.