Gold prices in Pakistan recorded a sharp increase on Friday, reflecting the ongoing upward trend in the international bullion market. The latest surge has once again pushed gold rates to historically high levels, affecting buyers, investors, and the jewellery market across the country.
Latest Gold Rates in Pakistan
According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs. 3,400, taking it to Rs. 469,562.
Similarly, the price of 10 grams of gold rose by Rs. 2,915, reaching Rs. 402,573 in the local market.
Comparison with Previous Session
Just a day earlier, gold prices had shown a slight decline. On Thursday, gold per tola was priced at Rs. 466,162 after falling by Rs. 600. However, the fresh rally has quickly reversed those losses, highlighting the market’s volatility.
International Gold Market Update
In the global market, gold prices climbed by $34 per ounce, reaching $4,472, including a $20 premium. Analysts attribute the rise to strong investor demand, economic uncertainty, and global market pressures, which continue to support gold as a safe-haven asset.
Silver Prices Also Increase
Silver prices followed a similar trend, with the price of silver per tola rising by Rs. 70 to Rs. 8,195. The increase reflects broader movement in precious metals worldwide.
What This Means for Buyers and Investors
With prices remaining volatile, experts suggest that short-term fluctuations may continue, especially as international market conditions evolve. For investors, gold remains a key hedge against inflation, while buyers may face higher costs in the coming days.
