Gold prices in Pakistan’s local bullion markets continued their upward trend on Wednesday, with the price of one tola rising to Rs467,962.
The rates will remain effective until 3pm, after which the All Pakistan Sarafa Gems and Jewellers Association is expected to announce updated prices.
According to the association, the price of 24-carat gold stands at Rs467,962 per tola, while 10 grams of gold is being traded at Rs401,201.
The price of 22-carat gold has also climbed to a record level, with 10 grams selling at Rs367,780, reflecting sustained demand and rising global prices.
In the local market, 24-carat silver is being sold at Rs8,361 per tola, while 10 grams of silver has reached Rs7,168.
Meanwhile, in the international market, gold is trading at $4,456 per ounce, while silver stands at $78.86 per ounce.
Market experts say the continued rise in domestic gold and silver prices is largely driven by upward movement in global markets, coupled with investor demand for safe-haven assets.
