Gold continues its winning streak and gained Rs 2,000 per tola in Pakistan – Markets ReadingS


Gold prices in Pakistan continued to rise in the third session on Wednesday with the support of the rise in international exchange rates. The yellow metal was priced at Rs 214,800 per tola after a single-day gain of Rs 2,000.

10 gram gold was sold at Rs 184,156, an increase of Rs 1,714 as per the rates shared by All Pakistan Gems and Jewelers Sarafa Association (APGJSA).

Gold prices in Pakistan on Tuesday rose by Rs 1,000 to settle at Rs 212,800 per tola.

Gold prices in Pakistan increased by Rs 3,800 per tola in three consecutive sessions.

APGJSA said the international gold rate was set at $1,988 with a $20 premium on Wednesday, following a $23 rise in the international market.

Meanwhile, silver rates remained stable at Rs 2,580 per tola.

Internationally, gold prices gained value on Tuesday as the dollar and Treasury bond yields retreated following weaker-than-expected US consumer inflation data; This has led to increased claims that the Fed may increase interest rates.

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