Gold prices in Pakistan surged on Saturday, tracking gains in the international market. The price per tola jumped Rs7,000 to reach Rs526,962 in the local market. The sharp increase signals renewed investor interest amid rising global bullion rates. Traders said the rally reflects strong international cues and currency pressures. The surge follows volatility seen earlier this week.
According to the All-Pakistan Gems and Jewellers Sarafa Association, 10-gram gold was sold at Rs451,784 after gaining Rs6,001. The association releases daily rates based on global trends and local demand. Market participants noted increased buying activity following the international spike. Retail and wholesale dealers adjusted prices accordingly during trading hours.
Read more: Gold prices plunge by Rs 8,600 per tola
On Friday, however, gold prices had declined sharply in the domestic market. The per tola rate fell Rs8,600 to settle at Rs519,962. Analysts attributed that drop to temporary corrections in global bullion markets. Saturday’s rebound effectively reversed most of the previous session’s losses.
In the international market, gold prices rose $70 to reach $5,042 per ounce. The rate includes a premium of $20, according to market data. Global investors continued shifting toward safe-haven assets amid economic uncertainty. The upward momentum in global prices directly influenced local rates.
Read more: Gold prices remain unchanged
Meanwhile, silver prices moved in the opposite direction in Pakistan. The per tola rate of silver declined Rs105 to settle at Rs8,219. Traders said silver demand remained relatively subdued compared to gold. Market watchers expect further fluctuations depending on international trends and currency movements.