Gold prices continue to register gains in Pakistan

Gold prices increased in Pakistan on Wednesday, tracking gains in the international market.

In the local market, the price of gold per tola rose to Rs455,236 after an increase of Rs100 during the day. Similarly, the price of 10 grams of gold increased by Rs85 to reach Rs389,685, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The association did not release gold and silver rates on Tuesday, saying it was observing a protest over an alleged raid on jewellery shops.

On Monday, gold prices had surged by Rs10,800 per tola to reach Rs455,136.

In the international market, gold edged up by $1 to $4,328 per ounce, including a $20 premium.

Meanwhile, silver prices declined by Rs6 per tola, settling at Rs7,503.