Gold price on Wednesday surged to Rs93,000 per tola, up by Rs900 in a single day trading on the local market, traders said.

With increase, the gold price now stands at Rs79731 per 10 grams, up by Rs770 and $1580 up by $13 an ounce. Silver was available for Rs 1070 per tola, Rs917.35 per 10 grams and $18.37 an ounce, traders added.

The country imported gold less by 5 percent or $376,000 to $7.443 million in July-Nov 2019 from $7.819 million in July-Nov 2018, Pakistan Bureau of Statistics shows.

In term of quantity, the country's gold import stood at 183 kilograms in July-Nov 2019 comparing to its import of 200kgs in July-Nov 2018, depicting a fall of 9 percent or 17kgs. In Nov 2019, gold import was $1.796 million up by 2 percent or $31000 from $1.765 million in Nov 2018. Import volume of gold declined to 43kgs in Nov 2019 from 45 in Nov 2018, indicating a fall of 4.44 percent or 2kgs.