Gold continues upward trend in Pakistan, gains Rs2,500 per tola

Gold prices continued their upward trend in Pakistan on Friday, tracking gains in the international bullion market.

In the local market, the price of gold per tola rose by Rs2,500 to settle at Rs526,462. Likewise, the rate for 10 grams of gold increased by Rs2,144, reaching Rs451,356, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

A day earlier, on Thursday, gold per tola had climbed by Rs7,900 to close at Rs523,962.

Globally, gold prices also recorded an uptick. The international rate increased by $25, taking the price to $5,037 per ounce, which includes a premium of $20.

Meanwhile, silver prices also saw an upward trend in the domestic market, rising by Rs170 to reach Rs8,574 per tola.