Gold prices in Pakistan rose sharply on Saturday after a recent decline, tracking gains in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the gold price per tola increased by Rs1,465, reaching Rs358,465.
Similarly, the price of 10-gram gold also saw a rise. It gained Rs1,256, pushing the rate up to Rs307,325. This recovery comes after a drop in the previous session, when gold per tola had declined by Rs1,595, closing at Rs357,000 on Friday.
The local price movement followed the global uptrend in gold rates, which climbed by $13 per ounce. The international gold price is now at $3,369 per ounce, including a $20 premium, as per APGJSA.
However, while gold gained value, silver prices moved in the opposite direction. The rate of silver per tola fell by Rs11, reaching Rs3,785 in the local market.
This rebound in gold reflects ongoing market volatility driven by global economic uncertainties, inflation concerns, and investor demand for safe-haven assets.