ISLAMABAD: Gold prices in Pakistan rose again on Friday, with 24-karat gold increasing by Rs 3,400 per tola to reach Rs 490,362, reversing part of the sharp decline recorded a day earlier.
The latest increase follows a volatile session in which gold prices had dropped significantly. According to the All Pakistan Sarafa Gems and Jewellers Association, the per tola rate had fallen by Rs 7,100 to Rs 486,962 on the previous day, highlighting continued fluctuations in the market.
Gold prices in Pakistan drop sharply on April 2 after record surge as global rates ease
The rise in local prices comes in line with international trends, which continue to influence domestic gold rates and investor sentiment.
According to the association, the price of 10 grams of 24-karat gold increased by Rs 2,915 to Rs 420,406, while 22-karat gold rose by Rs 2,673 to Rs 385,386.
Global market drives price movement
In the international market, gold prices increased by $34 to $4,676 per ounce, contributing to the rebound in local rates.
Changes in global bullion prices remain a key driver of domestic gold trends, particularly in import-dependent markets like Pakistan.
Silver prices also edge higher
Silver prices also recorded gains, with per tola rates rising by Rs 160 to Rs 7,794. The price of 10 grams of silver increased by Rs 138 to Rs 6,682.
In global markets, silver prices rose by $1.60 to $73.10 per ounce.
Continued volatility in precious metals market
The back-to-back decline and increase in gold prices reflect ongoing volatility linked to international market movements.
Market participants closely track these fluctuations, as changes in global prices quickly translate into local rates, affecting both investors and consumers.
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