Gold prices in Pakistan rose on Friday, following an increase in international markets. The local price of 24-carat gold per tola climbed by Rs3,500, reaching Rs351,000.
This rise came after an uptick in global gold prices, which influenced the local market.
Additionally, the price of 10 grams of gold rose by Rs3,000, now standing at Rs300,925.
For those purchasing 22-karat gold, the new rate for 10 grams is Rs. 275,857, showing a gain of Rs. 2,750.
The surge in gold prices follows a $35 per ounce increase in the international bullion market, where the price of gold reached $3,326 per ounce after a brief one-day pause.
Meanwhile, silver prices also saw a boost, with the price of one tola rising by Rs38, now priced at Rs3,466. The price of 10 grams of silver increased by Rs33, reaching Rs2,971.
Spot gold was up 1% at $3,325.47 an ounce. Bullion has risen 4% this week, its highest since April 7.
Spot gold is expected to retest a resistance of $3,335 per ounce, a break above which could lead to a gain to $3,366.
Elsewhere, spot silver was steady at $33.07 an ounce, platinum gained 0.8% to $1,089.45, and palladium slipped 0.8% to $1,006.75.
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