The All Pakistan Jewellers Manufacturers Association reported that the price of gold increased by Rs100 per tola, reaching Rs215,900. Similarly, the price of 10 grams rose by Rs86 to Rs185,100. In the international market, the price of gold increased by $2 to $2,056.
Gold prices experienced a rise on Tuesday, attributed to the weakening dollar. Investors were anticipating a U.S. inflation report and speeches from Federal Reserve officials to gain insight into potential rate-cut timings.
At 0840 GMT, spot gold was up 0.4% at $2,038.19 per ounce, while U.S. gold futures
Spot platinum saw a 0.8% increase to $887.04 per ounce, palladium jumped 0.9% to $963.50, and silver rose 0.7% to $22.67 per ounce.