Gold prices in Pakistan extended their upward trend on Friday, tracking strong momentum in the international bullion market where prices surged above $5,000 per ounce. The continued rally reflects heightened global demand for safe-haven assets amid economic uncertainty and currency fluctuations.
In the domestic bullion market, the price of gold per tola increased by Rs. 2,500 to reach Rs. 526,462. Likewise, the rate for 10 grams of gold rose by Rs. 2,144, settling at Rs. 451,356, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association.
A day earlier, gold per tola had closed at Rs. 523,962 after registering a sharp single-day increase of Rs. 7,900, highlighting ongoing volatility in precious metal prices.
In the global market, gold climbed by $25 to trade at $5,037 per ounce, including a $20 premium. The sustained rise in international bullion rates continues to influence domestic gold prices in Pakistan due to currency parity and import-linked pricing mechanisms.
Silver prices also moved higher in the local market, gaining Rs. 170 to close at Rs. 8,574 per tola, reflecting broader strength across precious metals.
