Gold prices in Pakistan recorded a sharp increase on Friday as the local market tracked a strong surge in international bullion rates. The jump reflects renewed global interest in precious metals, which pushed prices upward across major markets.
Significant Rise in Local Gold Rates
Gold prices rose sharply in the domestic market. According to the latest update from the national jewellers association, the per-tola price increased by Rs10,700. With this surge, the new rate stands at Rs454,262 per tola. The 10-gram rate also climbed, rising by Rs9,174 to reach Rs389,456.
These increases follow a modest rise a day earlier, when gold gained Rs500 and settled at Rs443,562 per tola.
This steady upward trend highlights the strong influence of global market movements on local pricing.
International Market Drives the Uptrend
The global bullion market recorded a sharp rise as well. International gold prices jumped by $107, placing the metal at $4,319 per ounce, including a $20 premium. This global shift contributed directly to the notable increase in Pakistan’s gold prices.
The rise reflects renewed investor interest, driven by global economic uncertainty and shifting market sentiments.
Silver Prices Also Move Upward
Silver followed a similar trend. Prices increased by Rs232, taking the per-tola rate to Rs6,684. This simultaneous rise in both gold and silver indicates strong overall momentum in the precious metals market.
Market Outlook
With global prices continuing to rise, domestic rates may see further adjustments. Local investors and jewellery buyers are advised to monitor ongoing global trends, as international movements remain the primary driver of price shifts.
