Gold prices in Pakistan increased on Wednesday, following a rise in international rates.

The price of gold per tola rose by Rs800 to Rs462,936 in the local market, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association.

The price of 10 grams of gold also increased by Rs686, reaching Rs396,893.

In the international market, gold gained $8 to settle at $4,404 per ounce.

Meanwhile, silver prices also moved up, with the price per tola increasing by Rs72 to Rs7,141.

Gold prices had declined by Rs1,000 per tola on Tuesday, closing at Rs462,136.