Gold prices jumped sharply in Pakistan on Saturday following strong gains in international markets. The price of gold per tola increased by Rs3,700 during the day. As a result, the rate reached Rs473,262 in the local bullion market.
Meanwhile, prices of smaller gold units also recorded a noticeable increase across the country. The price of 10-gram gold rose by Rs3,172 to reach Rs405,745, according to APGJSA. Earlier, on Friday, gold per tola had already climbed by Rs3,400 to Rs469,562.
Read more: Gold prices fall by Rs 600 per tola
At the same time, international gold prices showed a firm upward trend. The global gold rate increased by $37 to reach $4,509 per ounce. This rise included a premium of $20, which supported higher domestic prices.
In addition, silver prices also moved higher in the local market during the day. Silver per tola gained Rs270 amid rising demand. Consequently, the silver price reached Rs8,465 per tola by the close of trading.
Read more: Gold loses shine: Rs600 drop per tola
Overall, rising global demand continues to influence Pakistan’s precious metals market. Therefore, investors remain cautious amid ongoing international price volatility. Market observers expect further fluctuations in the coming days.