Gold prices in Pakistan saw a significant surge for the second day in a row, culminating in a closing rate of Rs. 219,000 per tola on Wednesday.

Data from the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) revealed that the price of 24-carat gold increased by Rs. 4,000 per tola, reaching Rs. 219,000, while the rate for 10 grams climbed by Rs. 4,030, ultimately settling at Rs. 188,615.

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Last week, gold prices experienced an unprecedented weekly decline, plummeting by a staggering Rs. 27,800 per tola. However, at the onset of the current week, the price of gold rebounded with a notable increase of Rs. 2,600 per tola. Furthermore, on Tuesday, gold prices surged by an impressive Rs. 5,600 per tola. The combined effect of these two days’ gains amounts to a remarkable Rs. 9,600 per tola increase.

Meanwhile, in the global market, spot gold remained relatively stable at $1,912.86 per ounce as of 1305 GMT, and US gold futures also held steady at $1,935.40 per ounce.