Gold prices in Pakistan registered gains on Friday, rebounding after a decline in the previous session, in line with an increase in international rates. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs. 2,100, reaching Rs. 277,300. Similarly, the price of 10-gram gold increased by Rs. 1,800, settling at Rs. 237,740.
This comes after a Rs. 700 drop in the price of gold per tola on Thursday.
In the international market, gold prices also saw an uptick on Friday. The rate climbed by $21, reaching $2,661 per ounce (including a $20 premium), as reported by the APGJSA.
Despite Friday’s gains, global gold prices traded flat overall and were on track for a weekly decline. Investors are awaiting key US economic data, which could influence the Federal Reserve’s monetary policy outlook and impact bullion demand.
Silver Prices Remain Stable
Meanwhile, silver prices in the local market remained unchanged. The price of silver per tola stood steady at Rs. 3,400, with no fluctuations reported.
The rise in gold prices reflects ongoing volatility in both local and international markets, as economic factors and global trends continue to shape the precious metals market.
