Gold prices jumped sharply in Pakistan on Friday, tracking global market gains. The price per tola rose by Rs5,700. It reached Rs460,262 during the day.
Similarly, the price of 10 gram gold increased significantly in the local market. It rose by Rs4,887. As a result, it was sold at Rs394,600.
Read more: Gold prices drop for third consecutive day
According to the All-Pakistan Gems and Jewellers Sarafa Association, prices reflected strong demand. Traders linked the rise to global trends. Market sentiment remained bullish.
A day earlier, gold prices had declined in Pakistan. On Thursday, per tola gold fell by Rs2,400. It settled at Rs454,562 before rebounding.
Read more: Gold prices drop by Rs 2,400 per tola
Meanwhile, international gold prices also climbed strongly. Gold rose by $57 to reach $4,379 per ounce. Silver also surged, hitting a new record of Rs7,862 per tola.