Gold surges in Pakistan, global markets

Karachi: Gold prices in Pakistan soared on Wednesday in line with their gain in the international market. In the local market, gold price per tola reached Rs503,462 after a gain of Rs3,500 during the day.

Similarly, 10-gram gold was sold at Rs431,637 after it increased by Rs3,001, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Tuesday, gold price per tola reached Rs499,962 after a gain of Rs4,600 during the day.The international rate of gold was up by $35 to reach $4,811 per ounce (with a premium of $20).

Meanwhile, the price of silver increased by Rs144 to reach Rs8,404 per tola.