Gold shines again in Pakistan, price surges by Rs1,450 per tola

Karachi: Gold shined again in the local bullion markets of the country on Wednesday, gaining Rs1,450 per tola. 

The price of yellow metal rose Rs1,450 per tola and Rs1,286 per 10 grams to settle at Rs146,300 and Rs125,429, data released by All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed.

Cumulatively, the precious commodity gained around Rs3,200 per tola in the previous two sessions.

In the international market, the gold price remained unchanged at $1,668 per ounce as investors look to minutes from the US Federal Reserve’s September policy meeting and inflation data for clues on its rate hike path.