Gold prices in Pakistan recorded a sharp increase on Friday, reflecting strong upward movement in both local and international bullion markets. The sudden rise added pressure on buyers and investors as rates climbed significantly within a single trading day.
According to official market rates, 24-karat gold per tola increased by Rs7,250, reaching Rs439,966. This marks a notable jump compared to the previous closing rate of Rs432,716. The increase highlights ongoing volatility in the domestic gold market, which continues to respond to global price fluctuations.
10-Gram Gold Rates Also Move Higher
In addition to per-tola pricing, 10-gram gold rates also showed strong upward momentum. The price of 24-karat gold per 10 grams rose by Rs6,525, settling at Rs375,947, compared to Rs369,422 a day earlier.
Meanwhile, 22-karat gold also recorded an increase. Its price moved up by Rs5,925, reaching Rs344,923 from the previous Rs338,998. These consistent increases across purity levels indicate a broad-based upward trend in the bullion market.
International Gold Market Pushes Prices Higher
The global gold market also contributed to the domestic price surge. International gold prices increased by $72.50 per ounce, reaching $4,175.30, compared to the previous rate of $4,102.80.
This international rise directly influenced local pricing in Pakistan, as domestic rates typically follow global bullion trends. Rising global demand and economic uncertainty continue to support higher gold valuations worldwide.
Silver Prices Also Register Gains
Silver prices also moved upward in both local and international markets. In Pakistan, silver per tola increased by Rs190, reaching Rs7,079 compared to Rs6,889.
Similarly, the price of 10 grams of silver rose by Rs171, settling at Rs6,028 from Rs5,857. The upward trend was also visible internationally, where silver prices increased by $1.90 per ounce, reaching $66.00 compared to $64.10.
Market Outlook
The combined rise in gold and silver prices reflects continued uncertainty in global commodity markets. Investors are closely monitoring international economic signals, which continue to influence precious metal demand.
For now, both gold and silver remain on an upward trajectory, with market participants expecting further volatility in the coming sessions.
