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HomeBusinessGold prices surge in Pakistan as global rates climb

Gold prices surge in Pakistan as global rates climb

Gold prices in Pakistan extended gains on Saturday, tracking an upward trend in the international market. In the local bullion market, the price of gold per tola jumped by Rs4, 500 to reach Rs506, 062, according to data released by the All-Pakistan Gems and Jewellers Sarafa Association. Similarly, the price of 10 grams of gold increased by Rs3, 858, settling at Rs433, 866. The rise follows a decline in the previous session, when gold per tola had fallen by Rs3, 300 to close at Rs501, 562. In the international market, gold prices climbed by $45 per ounce, reaching $4, 837, including a premium of $20. Silver prices also moved higher in the domestic market, gaining Rs118 to reach Rs8, 562 per tola. The increase reflects continued volatility in global bullion markets, with local prices closely mirroring international trends.

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