Gold prices in Pakistan increased sharply on Saturday, following gains in the international market. The price per tola rose by Rs4,800 to reach Rs472,062. Similarly, 10-gram gold climbed by Rs4,116 to sell at Rs404,717, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Friday, gold per tola had declined by Rs1,000 to Rs467,262, reflecting minor volatility in local rates. Analysts attributed Saturday’s rise to a $48 increase in the international gold rate, which reached $4,493 per ounce, with a premium of $20.
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The rise in gold prices comes amid growing investor interest and global market trends favoring precious metals. Local jewellers reported steady demand as consumers anticipate further price movements.
Meanwhile, silver prices remained unchanged at Rs7,454 per tola, showing stability compared to the fluctuations in gold rates. Traders noted that silver demand remained consistent with previous weeks.
Read more: Gold price drops Rs1,000 per tola in Pakistan
Overall, the surge in gold prices highlights ongoing sensitivity to international rates, emphasizing the impact of global market movements on Pakistan’s precious metals sector.