F.P. Report
ISLAMABAD : Gold and silver prices witnessed a significant increase in the local market on Wednesday, according to the rates issued by the All Pakistan Sarafa Gems and Jewellers Association.
According to the association, the price of 24-karat gold per tola increased by Rs13,900 to settle at Rs426,036, while 10-gram 24-karat gold rose by Rs11,917 to Rs365,257.
Similarly, the price of 10-gram 22-karat gold increased by Rs10,925 to reach Rs334,831.
In the international market, gold prices increased by $139 to settle at $4,035 per ounce.
Meanwhile, silver prices also registered an increase of Rs295 per tola to reach Rs5,663, while the price of 10-gram silver rose by Rs253 to Rs4,855.
In the international market, silver was quoted at $51.85 per ounce, up by $2.95.
The association stated that gold rates were based on interbank exchange rates, with purity of 999.0 (24 karat).