Gold and silver prices in Pakistan recorded a sharp rise on Friday, driven by international market trends and currency exchange fluctuations. The All Pakistan Sarafa Gems and Jewellers Association released updated rates showing substantial increases across the board.
According to the latest figures, the price of 24-karat gold per tola has jumped by Rs. 3,500, reaching Rs. 351,000. Similarly, 10 grams of 24-karat gold now cost Rs. 300,925, up by Rs. 3,000. For 22-karat gold buyers, the new price for 10 grams stands at Rs. 275,857, reflecting a gain of Rs. 2,750.
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The surge corresponds with developments in the global gold market, where prices have risen by $35 to reach $3,326 per ounce.
Silver has followed the same upward trend. The rate for 24-karat silver per tola has climbed to Rs. 3,466, an increase of Rs. 38, while 10 grams of silver now cost Rs. 2,971 after a Rs. 33 hike. On the international market, silver prices have risen to $33.08 per ounce, marking a $0.38 gain.
Analysts attribute the increase to shifting investor sentiment and ongoing economic uncertainty, which often push demand for precious metals higher.