Gold prices saw a major increase in both local and international markets on Wednesday, with the per tola rate rising by Rs11,100 to reach Rs488,962.

According to market data, the price of 10 grams of gold increased by Rs9,517, taking it to Rs419,206.

In the global market, gold rose by $111 per ounce, reaching $4,666.

The rise reflects a simultaneous upward movement in domestic and international bullion prices.