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Rate of gold Increase in Pakistan by Domestic and international Market

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Rate of gold Increase in Pakistan by Domestic and international Market

On Wednesday, the price of gold per tola in Pakistan rose to Rs 116,700 per tola in local and world markets.

On Wednesday, the price of gold per tola increased in both local and international markets, trading at Rs 116,700 per tola in Pakistan. According to Muhammad Arshad, head of the All Pakistan Jewelers Manufacturers Association, the price of gold per tola in Pakistan has increased by Rs 800, and the price of the rare yellow metal is Rs 116,700 per tola.

Similarly, the price of 10 grams of precious metal has gone up by Rs 686 to Rs 100,051.

Prices from around the world.
According to Reuters, gold rose on Wednesday as investors waited for US inflation data, boosted by concerns over the economic impact of rising oil costs and a weakening currency.

By 1024 GMT, spot gold rose 0.6 percent to 7 1,769.68 an ounce, while US gold futures rose 0.7 percent to 7 1,770.60.

As the currency fell, the benchmark 10-year Treasury rate fell from a June high, making it billions cheaper for international buyers.

International inflationary pressures are present, and “gold is trying to break a little upside, but not much in terms of speed in the price process,” according to Ole Hansen, a Saxon Bank analyst.

Spot Silver rose 1.2 percent to 22 22.81 an ounce, platinum remained unchanged at 00 1,007.51 an ounce and palladium rose 1.2 percent to 0 2,070.15 an ounce.

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