Gold and silver prices on Wednesday witnessed a sharp increase in both global and local markets after a three-day pause.
In the international bullion market, the price of gold rose by $111 per ounce to reach $4,666.
According to the All-Pakistan Gems and Jewellers Sarafa Association, following the increase in global prices, the local price of gold per tola increased by Rs11,100 to Rs488,962, while the price of 10 grams of gold rose by Rs9,517 to Rs419,206.
Similarly, silver prices also recorded an upward trend. The price of silver per tola increased by Rs223 to Rs8,072, while the price of 10 grams rose by Rs191 to Rs6,920.
Spot silver rose 4.6% to $76.16 per ounce, platinum gained 2.9% to $2,009.25 and palladium was up 2.4% at $1,521.50.