Gold rises Rs1,000 on global fluctuations

Gold prices in Pakistan rose again on Wednesday after a dip, mirroring an increase in international rates. In the local market, the price of gold per tola reached Rs275,900, reflecting a single-day rise of Rs1,000, according to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This follows a drop on Tuesday when the price of gold per tola declined by Rs2,100 in the domestic market. On the international front, gold prices climbed, with the rate reaching $2,647 per ounce after a $10 increase during the day, as reported by the APGJSA. Adnan Agar, Director at Interactive Commodities, noted that the day's fluctuations remained within a range as the gold market awaited the US monetary policy announcement, scheduled for midnight Pakistan time. He added that the policy is expected to have positive implications.