KARACHI: Gold prices surged sharply in the local market on Saturday, rising by Rs10,000 per tola, as international bullion rates jumped and currency pressures continued to weigh on domestic valuations.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-carat gold increased to Rs550,562 per tola, while the rate for 10 grams climbed by Rs8,574, reaching Rs472,018.
In the international bullion market, gold prices rose by $100 to $5,278 per ounce, buoyed by renewed investor interest in safe-haven assets.
Meanwhile, silver prices also followed the upward trajectory. The price of silver rose by Rs388 to Rs9,862 per tola, while the rate for 10 grams climbed by Rs333 to Rs8,455.
