In the international bullion market, the price of gold rose by $113 per ounce to $4,268 per ounce. Meanwhile, silver prices also moved higher in the local market. On Wednesday, gold prices recorded a surge in Pakistan. Read: Gold prices soar as global market ralliesOn Tuesday, gold prices declined in the local market even as international rates recovered. On Monday, gold prices rose in the Pakistani market even as international rates edged lower.