Gold price increases by Rs6,400 to Rs206,500 per tola

Gold prices in Pakistan are once again on an upward trajectory, with the per tola price recently surging by Rs6,400 in the domestic market.

This increase was observed as the price of this precious metal climbed by Rs6,500 per tola, reaching Rs206,500, according to statements made by the chairman of the All Pakistan Jewellers Manufacturers Association.

Simultaneously, the price for 10 grammes of gold also rose, now trading at Rs107,740 after a substantial increase of Rs5,487.

In the international arena, the price of gold saw an uptick of $46, settling at $1,938 per ounce. Conversely, the US dollar strengthened against the Pakistani rupee in interbank trading on Wednesday morning, ending a streak of losses for the Pakistani currency.

Furthermore, the value of the US dollar also rose by one rupee in the open market, where it now trades at Rs278, up from its previous rate of Rs277. Just last week, the US dollar had depreciated by Rs5.07 against the Pakistani rupee in interbank trading.