Gold prices rise in Pakistan amid global market surge
Gold prices in Pakistan increased on Saturday in line with an upward trend in the international market.
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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