Gold prices in Pakistan rose sharply on Friday, gaining Rs1,200 per tola. The price reached Rs363,800 in the local market. This increase follows a rise in international gold prices, reflecting a global trend. Investors showed strong interest amid this price movement.
The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported that 10-gram gold increased by Rs943. It was sold at Rs311,814, continuing the upward momentum. The previous day also saw a gain of Rs900 per tola. This steady rise highlights growing demand and market confidence.
Internationally, gold prices increased by $12 per ounce to reach $3,411. The rate included a premium of $20. This global price hike influenced local markets directly. Traders closely watch international trends for guidance.
In contrast, silver prices remained stable on Friday. The price per tola held steady at Rs4,121. This stability indicates less volatility in silver compared to gold. Market watchers say silver is less affected by global shifts at present.
Overall, the rising gold prices signal growing investor confidence amid uncertain economic conditions. Buyers and sellers remain alert to future changes. The market expects further fluctuations in coming days.