The gold rate in Pakistan rose on Friday, ending a three-day losing streak. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola increased by Rs. 2,500. It was traded at Rs. 357,600, compared to Rs. 355,100 on the previous trading day.
The price of 10 grams of 24-karat gold also went up by Rs. 2,143, reaching Rs. 306,584. For 22-karat gold, the price of 10 grams rose to Rs. 281,045 from Rs. 279,081. The recent increase follows a drop of Rs. 4,600 per tola over the past three days.
Silver prices also moved upward. The rate of silver per tola increased by Rs. 48 to reach Rs. 4,012. The price of 10 grams of silver rose by Rs. 44, settling at Rs. 3,439.
Experts link the local price hike to a rebound in global markets. The international gold price rose by $25 per ounce, reaching $3,351. Silver prices globally also climbed, increasing by $0.48 to settle at $38.28 per ounce.
This trend suggests a possible shift in investor sentiment as international markets adjust. Local jewelers and traders often follow global patterns, making such shifts a key factor in domestic pricing.
Just a day earlier, another significant price jump was recorded, with 24-karat gold per tola rising by Rs. 3,700 to Rs. 344,200. That spike came after a major drop of Rs. 10,400 per tola, highlighting continued market volatility.
For now, gold and silver prices in Pakistan remain sensitive to global trends. Any fluctuations in international rates can lead to immediate impacts on local trading activity.
For details on the recent drop before this rebound, read how gold prices fell in Pakistan with a Rs3,000 per tola decrease here.
