Gold prices in Pakistan reversed Thursday’s losses with a notable recovery on Friday, tracking gains in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola (11.66 grams) increased by Rs900 to close at Rs336,100, while 10-gram gold rose by Rs772 to Rs288,151.
This upward movement followed Thursday’s steep decline when gold had plunged by Rs6,700 per tola to Rs335,200 amid a global market downturn. Internationally, gold prices also rebounded, rising by $9 to $3,177 per ounce (including a $20 premium).
Silver prices remained unchanged domestically, holding steady at Rs3,377 per tola and Rs2,895 per 10 grams. Globally, silver traded flat at $31.95 per ounce.
Market analysts noted that while the association sets benchmark rates, open-market trading may vary. The recent volatility reflects broader trends in international bullion markets, where gold had earlier dipped below $3,200/ounce before Friday’s recovery.
The precious metal’s fluctuations continue to influence local jewelry and investment markets, with traders monitoring global economic cues for further price directions.
Also read: Pakistan bans child marriage under 18, imposes strict penalties in new law
