The gold price in Pakistan experienced a marked rebound on Friday, recovering much of the losses incurred during previous sessions.
According to rates released by All Pakistan Sarafa Gems and Jewellers Association, 24-karat gold per tola has increased by Rs. 3,000, closing at a total of Rs 444,462.
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According to this trend, 24-karat gold per 10 grams rose by Rs. 2,572, reaching Rs. 381,054, while 22-karat rose by Rs. 2,358 to reach 349,312.
This surge was propelled by an impressive rebound on the global market, wherein international gold prices per ounce surged up by $30 and reached $4221.
Gold Rate in Pakistan – Gold Price Today Live Updates
Silver prices also continued their ascent. Domestically, silver per tola (24Kt) rose Rs. 72 to trade at Rs. 6,072, while 10 grams rose Rs. 61 and settled at Rs. 5,205.
Globally, silver per ounce jumped by $0.72 to reach $58.00.
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The Association noted that local gold and silver rates are calculated using interbank exchange rates so as to reflect real-time price movements and currency valuations as closely as possible; all quoted prices adhere to a 24K purity standard.
Earlier, Gold prices in Pakistan witnessed a significant correction in the bullion market on Wednesday, following a downward trend in international markets.
According to the All Pakistan Sarafa Gems and Jewellers Association, the interbank gold rate for 24-karat gold per tola plunged by Rs. 1,000, closing at Rs. 443,162. Similarly, the rate for 24-karat gold per 10 grams fell by Rs. 858 to settle at Rs. 379,939.
Gold of 22-karat purity per 10 grams also saw a substantial drop, decreasing by Rs. 786 to Rs. 348,290.
