Gold prices in Pakistan increased by Rs1,100 per tola on Saturday, tracking gains in the international market. The price of one tola of gold reached Rs433,536, while global bullion prices also moved higher. The increase affects jewellery buyers, investors, and traders across the country.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10 grams of gold rose by Rs943 to Rs371,687. The upward movement followed a recovery in international bullion prices after the previous trading session. Local gold rates generally move in line with global market trends and currency fluctuations.
Read more: Gold prices up by Rs 3,600 per tola
On Friday, gold prices had declined by Rs1,400 per tola, bringing the rate to Rs432,436. However, the local market reversed those losses as international prices strengthened. Traders said higher global demand supported the latest increase in domestic gold prices.
In the international market, gold gained $11 per ounce to reach $4,111, including a premium of $20. The improvement in global bullion prices provided support to local rates. Investors continue to monitor international economic developments that influence precious metal prices.
Read more: Gold prices decline by Rs 1,400 per tola
Meanwhile, silver prices also recorded a strong increase in the local market. The price of silver rose by Rs30 per tola to reach a record high of Rs6,462. The fresh gains highlight continued investor interest in precious metals amid changing global market conditions.