Gold prices rise by Rs2,300 per tola in Pakistan
Business
Gold prices in Pakistan rose by Rs2,300 per tola to Rs528,562, while silver increased by Rs120 to Rs8,735. Meanwhile, PSX saw a strong recovery, with KSE-100 gaining 1,208.42 points to 183,316.97.
KARACHI (Dunya News) – Gold and silver prices on Wednesday saw a notable increase in line with upward trend in international market.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola surged by Rs2,300, now reaching Rs528,562.
Similarly, the price of 24-karat gold per 10 grams increased by Rs1,972, standing at Rs453,156.
The price of silver also increased by Rs120, bringing new rate to Rs8,735, while the price of 10 grams of silver rose by Rs103, reaching Rs7,488.
Meanwhile, in the international markets, the price of gold per ounce saw an increase of $23, reaching $5,058.
On the other hand, the Pakistan Stock Exchange (PSX) bounced back strongly on Wednesday following a bearish trend in the previous two sessions of the current business week.
During intraday trading, the KSE-100 gained 1,208.42 points to reach 183,316.97 points, marking a positive change of 0.66 percent compared to previous close of 182,153.55 points.
