KARACHI: Gold prices experienced a notable rise in both global and Pakistani markets on Friday, breaking a three-day downtrend.
The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported that the price of 24-karat gold increased by Rs3,000 per tola, reaching Rs444,462, as steady investor demand pushed international rates higher.
Similarly, the price of 10 grams of 24-karat gold rose by Rs2,572 to Rs381,054, while 10 grams of 22-karat gold saw an uptick of Rs2,358, bringing the price to Rs349,312.
On the global front, gold prices surged by $30 per ounce, closing at $4,221. This rise highlights continued global interest in precious metals as economic uncertainties and currency fluctuations persist.
Silver mirrored gold’s upward trend. The price per tola of 24-karat silver increased by Rs72 to Rs6,072, and 10 grams of 24-karat silver saw a gain of Rs61, reaching Rs5,205.
