All Sindh Sarafa Jewellers Association reported on Wednesday that the 24 karat per tola gold sold at Rs275,900 against its sale at Rs274,300.

The price of 10 grams of 24 karat gold also went up by Rs1,372 to Rs236,540 from Rs. 235,168, the association reported. The rate of 10 gram 22 karat gold increased to Rs.216,828 from Rs. 215,571, it maintained.

According to an FX Street report, Gold price sticked to modest intraday gains near a two-day high, above the $2,650 level, through the first half of the European session as geopolitical risks and US President-elect Donald Trump s tariff plans drive haven flows for the second straight day.

Furthermore, it added, sliding US Treasury bond yields keep the US Dollar (USD) depressed near the weekly trough and assist the commodity in building on the overnight bounce from the $2,600 neighborhood, or a one-week low.

In addition, a weaker tone around the European equity markets turns out to be another factor that benefits the Gold price. That said, Tuesday s less dovish FOMC minutes, along with prospects for slower rate cuts by the Federal Reserve (Fed), should act as a tailwind for the USD and cap the non-yielding yellow metal, it reported.