The price of gold in Pakistan experienced a significant increase on Wednesday, rising by Rs. 1,400 per tola. This comes after a substantial decline of over Rs. 17,000 per tola from its record high in recent weeks.

According to the Karachi Sarafa Association, the price of 24-carat gold climbed to Rs. 271,900 per tola, while the price for 10 grams increased by Rs. 1,200, reaching Rs. 233,111. Despite this rise, gold remains Rs. 16,000 per tola below its all-time high of Rs. 287,900, recorded last month.

In the international market, spot gold saw an uptick of 0.4 percent, trading at $2,607.59 per ounce by 1015 GMT. This follows a dip to its lowest level since September 20 on Tuesday. Meanwhile, U.S. gold futures also rose by 0.3 percent, reaching $2,613.30.