Gold prices surge for second consecutive day in Pakistan

KARACHI: Gold prices in Pakistan rose for the second consecutive day on Friday, with the price of one tola increasing by Rs5,200 to Rs477,136, according to rates issued by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The latest increase came a day after gold prices had surged by Rs13,700 per tola. The price had closed at Rs471,936 on Thursday, following a decline of Rs3,700 on Wednesday.

The price of 10 grammes of gold also increased by Rs4,458 on Friday to Rs409,067.

Gold prices have remained volatile throughout the week, reflecting sharp movements in the international bullion market.

On Thursday, the price of one tola of gold had risen by Rs13,700 to Rs471,936, while the price of 10 grammes increased by Rs11,746 to Rs404,609.

The international price of gold also jumped by $137 to $4,495 per ounce that day.

The increase followed a Rs3,700 per tola decline on Wednesday, when gold fell to Rs458,236.

The price of 10 grammes had dropped by Rs3,172 to Rs392,863. On Tuesday, the price of one tola stood at Rs461,936.

The domestic market had therefore seen a sharp reversal over the past three trading sessions. After falling from Rs461,936 on Tuesday to Rs458,236 on Wednesday, gold gained Rs13,700 on Thursday before adding another Rs5,200 on Friday.

In the international market, gold prices rose by a further $52 on Friday to $4,547 per ounce, following Thursday’s $137 increase to $4,495.

The sustained rise in international bullion prices has been reflected in the local market, where gold rates generally respond quickly to movements in global prices.

Gold is widely viewed as a safe-haven asset, with demand often increasing amid economic uncertainty, inflation concerns, geopolitical tensions and changing expectations about monetary policy.

The latest rally highlights continued volatility in both domestic and international bullion markets, with investors closely watching global economic indicators, currency movements and central bank policy signals.