After two days of decline, gold prices rose in both global and local markets on Wednesday.

In the international bullion market, the price of gold per ounce increased by $10, bringing the global price to $2,372.

In local jewelry markets, the price of 24-karat gold per tola rose by 600 rupees, reaching 245,600 rupees. Similarly, the price of 10 grams of gold increased by 514 rupees, bringing it to 210,562 rupees.

Read more: Gold Prices Experiences a Slight Drop In Pakistan

Contrary to the rise in gold prices, the price of silver per tola remained unchanged at 2,900 rupees, and the price of 10 grams of silver stayed stable at 2,486.28 rupees. Bullion market representatives noted that due to reduced buying activities, the local market price of gold per tola was set 2,500 rupees below its value.

Notably, gold prices had been declining over the previous two days.