KARACHI — Gold prices in Pakistan increased sharply on Saturday, rebounding after four consecutive days of decline as international gold rates moved higher, according to data released by the All Pakistan Sarafa Markets Association.

The price of gold per tola rose by Rs6,100 to reach Rs539,862 in the local market, while the price of 10 grams increased by Rs5,230 to Rs462,844. The rise follows recent fluctuations in global bullion markets that influence domestic gold prices.

Silver prices also recorded a modest increase. The per tola price of silver rose by Rs17, bringing the rate to Rs8,931.

In the international market, gold prices climbed by $61 per ounce, reaching $5,171, contributing to the upward movement in local bullion markets.

A day earlier, gold prices in Pakistan had declined after global gold rates dropped. The per tola price had fallen by Rs3,400 to Rs533,762, while the price of 10 grams decreased by Rs2,915 to Rs457,614.

Gold prices fall by Rs3,400 per tola in Pakistan on March 6

Local bullion dealers said domestic gold prices generally track international market trends along with fluctuations in currency exchange rates.