After a significant decrease over the last couple of days, the price of gold in Pakistan increased on Wednesday.
The All-Pakistan Gems and Jewellers Sarafa Association reported that the price of 24-karat gold per tola increased by Rs600, bringing it to Rs245,600.
The price of 10-gram 24-karat gold also experienced an upward trend, rising by Rs514 to reach Rs210,562. The price of 10 grammes of 22-karat gold on Wednesday remained Rs193,016.
Also Read: Gold prices in Pakistan continue to decrease
The international gold market also showed an increasing trend. According to APGJSA, the global rate stood at $2,372 per ounce, marking a $10 decrease during the trading day.
Silver prices in the local market, however, remained stable at Rs2,900 per tola.
Market analysts attribute the rise in gold prices to various factors, including fluctuations in the international market, currency exchange rates, and economic conditions. The continued increase in gold prices may influence investment decisions and consumer behaviour in the coming days.
