Gold prices rise in Pakistan amid global market surge
In the local market, the price of gold per tola rose to Rs354,100, reflecting a gain of Rs3,100 during the day.
Similarly, the price of 10-gram gold increased by Rs2,658, reaching Rs303,583, according to data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
This local surge followed a strong recovery in the global bullion market on Friday, where international gold prices experienced a sharp rise, surpassing $3,300 per ounce once again, according to traders.
The global market regained substantial ground, with gold prices rising by $35 to settle at $3,326 per ounce. This increase led to a corresponding hike in local gold rates by Rs3,500 per tola and Rs3,000 per 10 grams.
As a result, the value of gold in Pakistan climbed to Rs351,000 per tola and Rs300,925 per 10 grams, as reported by the All Pakistan Sarafa Gems and Jewellers Association.
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