Gold prices increased in international and local markets after a three-day pause on Wednesday. In the international bullion market, the price of gold rose by $43 per ounce to $4,191.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold in the local market increased by Rs4,300 per tola to Rs441,636. The price of 10-gram gold rose by Rs3,686 to Rs378,631.
Meanwhile, the price of silver per tola increased by Rs20 to Rs6,578, while the price of 10-gram silver also rose by Rs17 to Rs5,639.
On Tuesday, gold prices in the local market fell for a second consecutive session. The price of 24-karat gold fell by Rs800 per tola to Rs437,336, according to rates released by the APGJSA. The price of 10-gram gold declined by Rs686 to Rs374,945.
Silver prices in the local market also declined on, falling by Rs20 per tola to Rs6,558.
Read: Gold drops despite global rebound
On Monday, gold prices in the local market fell sharply, tracking a steep decline in the international market. The price of gold declined by Rs12,800 per tola to Rs438,136, according to rates released by the APGJSA. The price of 10-gram gold decreased by Rs10,973 to Rs375,631.
Meanwhile, silver prices also declined in the domestic market. The price of silver fell by Rs325 per tola to Rs6,578.
Gold had closed at Rs450,936 per tola on Saturday after declining Rs2,100 during the session.
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