Gold prices staged a strong recovery on Friday in both domestic and international markets, reversing a portion of the losses recorded a day earlier as the value of the precious metal climbed significantly in Pakistan’s bullion market.
Price Increase Details
According to the All Pakistan Sarafa Association, the price of 24-karat gold per tola increased by Rs7,250, pushing the rate to Rs440,966. The price of 10 grams of gold also rose substantially, gaining Rs6,525 to reach Rs375,947. Silver prices followed a similar upward trend, with the per tola rate increasing by Rs190 to settle at Rs7,079.
Previous Day's Decline
The latest rise comes after a sharp decline in gold prices on Thursday, when the per tola rate fell by Rs9,720 to Rs432,716. During the same session, the price of 10 grams of gold dropped by Rs8,748 to Rs369,422.
Market Analysis
Market analysts said the rebound reflects continued volatility in global precious metals markets, where fluctuations in investor sentiment, international demand, and economic uncertainty continue to influence price movements. The frequent swings in gold prices over recent trading sessions have highlighted the sensitivity of both local and international bullion markets to changing economic conditions and market expectations.
Future Outlook
Traders expect gold prices to remain volatile in the near term as global financial markets respond to evolving geopolitical and economic developments.
