Gold and silver prices staged a powerful recovery in Pakistan on Friday as both metals surged higher, marking a sharp reversal from the recent bullion market correction.
The price of 24-karat gold per tola jumped by Rs 5,700, closing at Rs. 460,262. Meanwhile, in 10 grams, 24-karat gold increased by Rs 4,887 to Rs 394,600.
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The price for 22-karat gold also rose sharply, gaining Rs 4,480 to settle at Rs 361,729.
Internationally, the gold price per ounce climbed by $57 to $4,379.
Silver prices also participated in the upswing. The domestic price of silver per tola increased by Rs 227 to Rs 7,862.
Gold Rate in Pakistan – Gold Price Today Live Updates
Silver per 10 grams followed, rising by Rs 195 to Rs 6,740, meanwhile, silver globally jumped by $2.27 to $73.87 per ounce.
Market analysts attribute the rebound to perceived value buying after the steep correction.
A slightly weaker US dollar may have also provided a tailwind for dollar-priced commodities. This bullion market recovery was widely anticipated.
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The local rates, calculated on interbank exchange rates, are certified by the trade association. All listed prices are for 999 (24K) purity.
