Gold prices rose sharply across Pakistan on Friday, the fifth business day of the week, adding fresh pressure on buyers amid ongoing volatility in global markets.
According to the Sarafa (goldsmiths) market, the price of gold jumped by Rs5,700 per tola, pushing the rate to Rs460,262. The rise marks one of the most notable single-day increases in recent sessions.
The price of 10 grams of gold also rose, climbing by Rs4,887 to Rs394,600. Traders said the upward movement was evident across major markets, with demand remaining cautious despite surging prices.
Read: Gold Prices Drop Third Day in a Row, Lose Rs18,700 per Tola
Sarafa market sources attributed the increase to rising international gold prices, which often set the direction for domestic rates. Global bullion prices strengthened on renewed investor interest, prompting a direct impact on local markets.
Market analysts noted that gold prices in Pakistan remain highly sensitive to international trends and currency movements. They added that continued volatility in global markets could keep prices elevated in the near term, making affordability a growing concern for consumers.
