Gold prices rise for second day, hit Rs477,136 per tola

Bullion prices extended their rise on Friday, with the local price of gold reaching Rs477,136 per tola, according to The Express Tribune. The international gold price climbed by $52 per ounce to $4,547, while the domestic market added Rs5,200 per tola in the same session. Silver also moved higher, rising Rs210 per tola to Rs7,379.

The All-Pakistan Gems and Jewellers Sarafa Association put the 10-gram gold price at Rs409,067 after a Rs4,458 increase. Thursday had seen a bigger jump of Rs13,700 per tola, taking gold to Rs471,936, while silver reached Rs7,169 per tola after a Rs317 rise that day.

Earlier in the week, the local price slipped on Wednesday to Rs458,236 per tola, even though global prices jumped over 3% and touched a peak unmatched in more than two and a half months. Prices had been flat on Tuesday at Rs461,936 per tola, following a Monday gain of Rs2,000.