KARACHI: Gold prices edged higher on Wednesday as a softer rupee and a pullback in global equities lifted demand for the safe-haven asset.
Gold prices in the local bullion market gained Rs700 per tola and Rs6 per 10 gram today to reach Rs116,700 and Rs100,051 amid rising prices in the international markets.
The precious commodity closed at Rs116,000 per tola and Rs99,451 per 10 grams on Tuesday.
Significant fluctuations in the local currency against the US dollar aided the increase in prices of the safe-haven asset.
