Gold jumps ahead of US Fed policy decision
Gold prices in Pakistan increased by Rs3,500 per tola on Wednesday, despite a slight decline in international market, as investors awaited the US Federal Reserve's monetary policy decision and comments from its chair for clues about the future path of rates. In the local market, gold prices rose to Rs425,636 per tola, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the price of 10-gram gold increased by Rs3,001 to reach Rs364,914. On Tuesday, gold prices had declined by Rs1,300 per tola, settling at Rs422,136.