Gold prices surge by Rs2,800 per tola in Pakistan

Gold prices recorded a sharp increase in both international and domestic markets on Saturday, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).

In the global market, gold advanced by $28 per ounce, pushing the price to $3,685.

The upward trend was reflected in the local bullion market, where the rate of 24-karat gold per tola rose by Rs2,800 to Rs390,300. Similarly, the price of 10 grams of gold increased by Rs2,401 to Rs334,619.

Silver also witnessed gains. Its per tola price climbed by Rs114 to Rs4,532, while the rate for 10 grams rose by Rs98 to Rs3,885.

The latest surge follows a decline earlier this week. On Friday, international gold prices had fallen by $11 to $3,657 per ounce. Correspondingly, domestic gold rates slipped by Rs1,100 per tola to Rs387,500, while 10 grams fell by Rs943 to Rs332,218.