Gold price in Pakistan surges by Rs5,900 per tola

Business Recorder reported that gold rates in Pakistan rose on Friday, tracking gains in the international market. The price of a tola climbed to Rs440,936, which was Rs5,900 higher during the day. The local rise mirrored the overseas gain.

According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs378,031 after an increase of Rs5,058. On Thursday, the tola price had reached Rs435,036 following a Rs600 gain. Friday's advance was therefore far larger than the previous day's move.

Abroad, gold climbed $59 to $4,184 per ounce. Silver also rose by Rs144 to Rs6,512 per tola, adding to the day's precious metals gains.