Gold rates in Pakistan continued their upward momentum on Friday, reflecting strong international trends as the precious metal hovered near historic highs.
According to the latest update from the All Pakistan Sarafa Gems and Jewellers Association, released by President Muhammad Qasim Shikarpuri, the interbank-based gold rate for 24-karat gold per tola climbed to Rs526,462, marking an increase of Rs2,500 from the previous session.
The 10-gram rate for 24-karat gold followed suit, reaching Rs451,356 with a gain of Rs2,144. For 22-karat gold, the 10-gram price settled at Rs413,758, up by Rs1,966.
Silver prices also posted gains, with 24-karat silver per tola quoted at Rs8,574, an increase of Rs170.
The 10-gram silver rate stood at Rs7,350, up Rs145, while international silver was at $80.90 per ounce, higher by $1.70.
The rates are based on interbank exchange rates and reflect 999/24K purity standards, as endorsed by the association.
Industry observers note that the continued appreciation in gold prices stems from robust central bank purchases globally and persistent inflationary pressures, pushing investors toward the yellow metal as a hedge.
Local market prices may vary slightly due to regional factors, premiums, or demand-supply dynamics. Investors and buyers are advised to check with authorized dealers for the most current quotes, as precious metal prices can fluctuate rapidly throughout the trading day.
