KARACHI — Gold prices in Pakistan recorded a sharp increase on Saturday, with the per tola rate rising by Rs4,800 to reach Rs472,062, according to the All Pakistan Gems and Jewellers Association.
The surge reflects movement in international bullion markets, where prices also climbed, influencing domestic rates and reversing the previous downward trend.
Strong rebound after recent dip
The price of 10 grams of gold increased by Rs4,116 to Rs404,717 in the local market. Globally, gold rose by $48 per ounce to $4,493, contributing to the upward adjustment in Pakistan.
A day earlier, gold prices had declined for two consecutive sessions. International rates had fallen by $10 per ounce to $4,445, leading to a Rs1,000 drop in local prices, with per tola gold settling at Rs467,262.
Gold falls to Rs467,262 per tola in Pakistan as prices extend losses on March 27
Silver prices ease in local market
Silver prices showed a slight decline locally despite stability in global markets. International silver stood at $69.70 per ounce.
In Pakistan, per tola silver decreased by Rs30 to Rs7,454, while the price of 10 grams dropped by Rs26 to Rs6,390.
Market trend
The latest increase highlights continued volatility in precious metals, with local prices closely tracking international movements and currency dynamics.
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