Key Points
- Gold prices rise sharply in the local market in line with the global trend
- Per tola rate climbs to Rs 460,262
- Silver prices also hit a new all-time high
ISLAMABAD: Gold prices in Pakistan rose sharply on Friday, tracking gains in the international market, with the per tola rate increasing by Rs 5,700 to reach Rs 460,262 in the local bullion market.
According to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold climbed by Rs 4,887 to settle at Rs 394,600.
The latest increase follows a decline the previous day, when gold per tola had fallen by Rs 2,400 to close at Rs 454,562.
In the international market, gold prices jumped by $57 to $4,379 per ounce, inclusive of a $20 premium, providing support to the local bullion rates.
Meanwhile, silver prices also surged, with the per tola rate rising by Rs 227 to Rs 7,862, marking a new all-time high.
