Gold prices in Pakistan stayed firm on the final working day of the week, continuing their upward momentum with a rise of Rs500 per tola.
After the increase, the rate of 24 karat gold reached a fresh high of Rs473,362 per tola. This modest gain added to the sharp jumps seen earlier in the week, keeping prices at record levels.
In the grams market, 24 karat gold went up by Rs429 per 10 grams to Rs405,831, while 22 karat gold also moved higher, gaining Rs393 to close at Rs372,025. The consistent rise points to sustained demand in the local market. On the international front, gold prices edged up by $5 to settle at $4,510 per ounce.
Silver, however, showed a much stronger performance than gold. In the local market, silver prices jumped by Rs240 per tola to reach Rs7,945, reflecting growing interest from investors and industrial buyers alike.
The price of silver per 10 grams also climbed, increasing by Rs206 to Rs6,811. The strong rally in silver suggests its gains are being driven by factors beyond gold’s movement. Internationally, silver rose sharply by $2.40 to trade at $74.70 per ounce.
Local bullion rates are calculated on the basis of interbank exchange values and are verified by the relevant trade body. All quoted prices refer to 999 purity.