Gold prices in Pakistan climbed on Saturday, tracking an upward trend in the international market.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola rose by Rs2,100, reaching Rs422,700 in the local bullion market.
Similarly, the rate of 10 grams of gold increased by Rs1,800 to settle at Rs362,397.
The price increase comes a day after gold fell sharply, losing Rs4,578 per tola on Friday to close at Rs420,600.
In the international market, gold prices also advanced, trading at $4,016 per ounce (including a $20 premium), reflecting a gain of $21 compared to the previous session.
Meanwhile, the price of silver remained unchanged at Rs5,100 per tola, maintaining its stability amid fluctuations in global bullion prices.
Market analysts said the rise in gold prices was mainly driven by global economic uncertainty, a weaker dollar outlook, and speculation around potential rate cuts by major central banks, which tend to increase the appeal of safe-haven assets like gold.
Jewellers expect gold prices to remain volatile in the coming days as international trends and currency fluctuations continue to influence the local bullion market.
