Gold price rises to Rs125,750 per tola in Pakistan

• Gold price rise by Rs50 to settle at Rs125,750 per tola.
• Price increases by Rs43 to close at Rs107,810 per 10 grams.
• Silver prices in the domestic market remain unchanged.

KARACHI: In line with the trend in global markets, gold prices in Pakistan recorded meagre gains on Wednesday.

Gold was up by Rs50 at Rs125,750 per tola and increased by Rs43 to Rs107,810 per 10 grams.

The rates of gold were Rs125,700 per tola and Rs107,767 per 10 grams on Tuesday.

Commodity dealers believe that inflationary concerns could prove to be more stubborn; hence gold as an inflation hedge could remain relevant for longer.

In the international market, the yellow metal stayed above the key $1,850-per-ounce level with an increase of $5. The price settled at $1,856.

Analysts believe that if bullion holds above the $1,850 level, in the absence of the geopolitical conflict, then it is a bullish signal.

However, it is pertinent to mention that the gold rates in Pakistan are around Rs1,500 below the cost compared to the gold rate in the Dubai market.

Meanwhile, silver prices in the domestic market remained unchanged at Rs1,460 per tola and Rs1,251.71 per 10 grams today