Pakistani gold market witnessed a heavy increase of Rs13,200 per tola in the last three days following the trend of the international market this week.
According to the 24News HD TV channel, on the third day of the weed, the prices of the 24 karats of pure gold in the Pakistani gold market jumped high by Rs5,400 per tola to Rs2,26,400 per tola.
While the rates of gold in the international market were increased by US$6 per ounce to US$1,973 per ounce on Wednesday.
The price of 10 grams of the 24 karats of pure gold increased by Rs4,630 and was traded at Rs1,94,102 per 10 grams in the Pakistani market.
Rates of the gold of 22 karats that is usually used for making jewellery in Pakistan were also increased and traded at Rs1,77,926 per 10 grams.
Meanwhile, the price of pure silver of 24 karats also observed a great increase of Rs250 per tola to Rs2,900 per tola.
The price of 10 grams of pure silver of 24 karats was increased by Rs214.34 and traded at Rs2,486.28 per 10 grams in the local market.
Pertinent to mention here that this week on Monday and Tuesday, the prices of gold were increased by Rs1,600 per tala and Rs6,200 respectively.