Gold on Wednesday soared by Rs 1950 per tola to Rs 94,100 on the local market, traders said. The precious metal was traded for Rs 80,675 per 10 grams, up by Rs 1671, and $1638 an ounce, up by $42 on the world market. Silver was selling for Rs 1000 per tola, 857.33 per 10 grams and $17.25 an ounce, they added.

Pakistan imported $10.068 million of gold during July-January 2019-20 which is an increase of 4 percent or $351,000 from $9.717 million during July-January 2018-19, Pakistan Bureau of Statistics says. Although the import volume of the metal is down by 3.23 percent, 8 kilograms, to 240 kilograms in July-January 2019-20 from 248 kilograms in July-January 2018-19. Down by 7.13 percent or $69,000, the country imported $899,000 of gold comparing to the yellow metal import of $968,000 in January 2019. Gold import quantity also dipped to 18 kilograms in January 2020 from 25 kilograms in January 2019, showing a fall of 28 percent or 7 kilograms.