Gold prices in Pakistan witness a massive spike today

The Pakistani bullion market saw significant movement on Saturday as gold and silver prices surged to historic levels.

Gold prices in Pakistan experienced a massive spike on Saturday, directly reflecting a sharp rise in the international market.

The All Pakistan Sarafa Gems and Jewellers Association, led by President Muhammad Qasim Shikarpuri, released the following updated rates:

The local rally follows global gold prices hitting $5,108 per ounce, an increase of $71.

Silver followed the upward trend, with the rate per tola rising to Rs 8,948 (+Rs 374) and the international rate reaching $84.64.