Gold prices in Pakistan rose on Wednesday, following gains in the international market.

Locally, gold per tola increased by Rs6,600 to close at Rs349,400, while 10-gram gold was sold at Rs299,554, up by Rs5,659, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Tuesday, gold per tola had reached Rs342,800 after gaining Rs300. Internationally, gold prices jumped to $3,310 per ounce with a $20 premium, a $66 increase, as reported by APGJSA.

Meanwhile, silver prices also rose by Rs56 to Rs3,466 per tola.

Globally, gold gained 0.2% on Tuesday, supported by a weaker dollar and cautious optimism over US-China trade talks and progress in Russia-Ukraine peace negotiations. The dollar index fell 0.2%, making gold more affordable for holders of other currencies.