On Saturday, gold prices in Pakistan saw a significant rise, mirroring the upward trend in the international market.
According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola reached Rs248,100, marking a single-day increase of Rs3,100.
Similarly, the price of 10-gramme gold surged to Rs212,706, reflecting a gain of Rs2,658.
This spike in local gold prices is in line with the international gold rate, which rose to $2,414 per ounce, inclusive of a $20 premium, after a $30 increase during the day.
Silver prices also experienced an uptick, with rates reaching Rs2,850 per tola, an increase of Rs120.
It is noteworthy that last month, gold prices in the local market hit a record high of Rs252,200 per tola. Despite this recent surge, gold prices showed a decline of Rs600 per tola on Friday.
These fluctuations highlight the volatile nature of the precious metals market, influenced heavily by global economic trends and investor sentiment.
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