Gold prices surge in global, local markets
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Gold prices rose in international and local markets on Saturday, prompting the bullion market to release revised rates. In the international market, gold advanced by $28 per ounce, bringing the price to $3,685.
This surge in global prices directly impacted domestic bullion markets. The rate of 24-karat gold per tola increased by Rs2,800 to reach Rs390,300, while the price of 10 grams rose by Rs2,401 to Rs334,619.
Silver also recorded gains in the local market. The per tola price climbed by Rs114 to Rs4,532, while the rate for 10 grams increased by Rs98, settling at Rs3,885.
Read: Gold price dips in local, global markets
Earlier, gold prices in Pakistan fell, mirroring the international trend, while silver extended its gains. In the global bullion market, the price of gold dropped by $11 to $3,657 per ounce.
Following this, the domestic rate of 24-carat gold slipped by Rs1,100 per tola to Rs387,500, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The price of 10 grams declined by Rs943 to Rs332,218.