Gold prices in Pakistan experienced a notable rebound on Friday, mirroring the upward trajectory seen in international markets. According to data provided by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the local market witnessed a surge, with the gold price per tola reaching Rs.243,800, marking a significant single-day gain of Rs.4,600.
The 10-gram gold rate also saw a notable increase, reaching Rs.209,019 after a rise of Rs.3,944.
This uptick comes after a period of stability, with Thursday seeing gold prices holding steady at Rs.239,200 per tola following two consecutive sessions of decline.
The surge in Pakistan’s gold prices reflects broader global trends, with the international rate witnessing an increase on Friday. The APGJSA reported that the international rate was set at $2,366 per ounce, with a premium of $20, marking a gain of $54 during the day.
In tandem with gold, silver rates also experienced an upward movement, rising by Rs30 to settle at Rs.2,650 per tola.
The recent surge in gold prices comes on the heels of a record-breaking month, during which gold hit an all-time high of Rs.252,200 per tola in the local market.
