On the domestic front, this surge translated into a substantial increase of PKR 3,000 per tola, pushing the price of gold to PKR 444,462 per tola. Similarly, the cost of ten grams of gold rose by PKR 2,572, climbing to PKR 381,054.
To put this in perspective, on Thursday, gold prices had dipped by PKR 1,700 per tola, settling at PKR 441,462. The reversal on Friday highlights the volatile yet opportunistic nature of precious metal markets, often influenced by international trends.
Meanwhile, silver prices also witnessed a modest increase. The per tola rate went up by PKR 72, reaching PKR 6,072, reflecting steady demand and market sentiment.
Analysts suggest that such fluctuations in gold and silver prices offer both investors and traders a chance to reassess strategies, while reminding consumers of the interconnectedness between global markets and local pricing.
