Gold prices in Pakistan recorded another sharp increase on Friday. The rise followed a strong upward trend in global gold markets.
According to the All Pakistan Gems and Jewellers Association, gold prices climbed significantly. The price of one tola increased by Rs5,200.
After the latest increase, gold reached Rs477,136 per tola in Pakistan. The new rate reflects continued strength in the local bullion market.
The price of 10-gram gold also increased during the session. It rose by Rs4,458 and reached Rs409,067.
The latest increase came as international gold prices also moved higher. Global bullion rates recorded a substantial gain during the session.
The international price of gold increased by $52 per ounce. It reached $4,547 per ounce after the latest rise.
The global increase has contributed to higher domestic gold prices. Local rates often respond to movements in international bullion markets.
Gold prices have remained closely watched by investors and consumers in Pakistan. Changes in the precious metal can affect jewellery costs and investment decisions.
The latest increase also adds to recent fluctuations in the local gold market. Buyers and investors continue to monitor daily price changes.
Silver prices also followed the upward trend in the domestic market. The price of silver increased by Rs210 per tola.
After the latest increase, silver reached Rs7,379 per tola. The rise shows broader strength across precious metal prices.
Pakistan Stock Market Shows Limited Movement
Meanwhile, trading activity at the Pakistan Stock Exchange remained relatively stable. The benchmark index closed at 176,621.25 points.
The KSE-100 Index gained 29.49 points during the latest session. This represented a marginal increase of 0.02%.
The index had closed at 176,591.76 points in the previous session. The latest movement therefore remained limited.
During trading, the index reached an intraday high of 177,528.00 points. It also touched a low of 176,110.75 points.
The trading range remained relatively narrow despite fluctuations during the session. Investors showed limited movement in the broader market.
Total trading volume stood at 146,706,410 shares. The market ended with only a slight improvement over the previous close.
The latest financial data shows contrasting movements across major markets. Gold recorded a strong increase, while stocks remained almost unchanged.
In other news read more about Gold Prices Jump Rs13,700 Per Tola in Pakistan – Check Current Rate
Gold prices are likely to remain a key focus for local buyers and investors. Global market movements will continue to influence domestic rates.
