Gold prices in Pakistan continued their upward trend on Wednesday, with the price of gold per tola increasing by Rs4,200 in line with gains in the international market.
According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold rose to Rs463,936 per tola.
The price of 10-gram gold also increased by Rs3,601, reaching Rs397,750.
Markets were still following talks to end the war and reopen the Strait of Hormuz to shipping traffic.
The U.S. and Yemen’s Iran-aligned Houthis reported separate attacks on shipping on Tuesday, while both Iran and the U.S. have stepped up their rhetoric in recent days.
Iran’s most senior security official, Mohsen Rezaei, said on Tuesday that the Strait of Hormuz shipping route will remain closed unless the U.S. accepts Iran’s conditions to end the war.
