Gold prices in Pakistan saw a massive increase of Rs2,700 on Friday, as global markets also experienced a rise in precious metal rates.
In the local market, the price of 24-karat gold rose by a massive Rs2,700 per tola, bringing it to Rs273,900, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Similarly, the price of 10-gram 24-karat gold increased by Rs2,315, now standing at Rs234,825.
Also Read: Gold prices in Pakistan see massive decline of Rs3,000
Globally also, gold prices faced a jump, with rates rising by $27 during the day. According to the APGJSA, the international gold price stood at $2,640 per ounce.
Despite the hike in gold prices, the silver market remained stable, with the price of silver holding at Rs3,050 per tola.
Last month, gold prices in Pakistan had surged to a record high of Rs277,000 per tola, as the precious metal saw significant gains due to international market fluctuations.
