Key Points
- Gold per tola rises to Rs 469,562 in the domestic market
- 10-gram gold gains Rs 2,915 to settle at Rs 402,573
- International gold price increases by $34 per ounce
- Silver per tola moves up by Rs 70
ISLAMABAD: Gold prices in Pakistan surged on Friday, tracking a strong rebound in the international bullion market, with the per tola rate recording a sharp single-day increase of Rs 3,400.
In the local market, gold was priced at Rs 469,562 per tola after the jump, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Association. The price of 10-gram gold rose by Rs 2,915 to settle at Rs 402,573.
The increase followed a decline during the preceding day, when gold had slipped by Rs 600 per tola to close at Rs 466,162, reflecting short-term volatility after recent gains.
In the global market, gold prices surged by $34 to reach $4,472 per ounce, inclusive of a $20 premium, sending a cue to domestic rates.
Silver prices also moved higher. The per tola price of silver increased by Rs 70 to Rs 8,195, mirroring the upward trend in precious metals.
