KARACHI: Gold prices in Pakistan surged on Friday, tracking a massive rally in the international bullion market, according to local market dealers.<\/p>\n\n\n\n
In the international market, spot gold jumped by $122 per ounce to reach an unprecedented level of $4,185.<\/p>\n\n\n\n
The global rally triggered a corresponding spike in Pakistan\u2019s domestic bullion markets.<\/p>\n\n\n\n
The price of 24-karat gold per tola (11.66 grams) increased by Rs12,200 to settle at Rs440,936 in Karachi and other major cities.<\/p>\n\n\n\n
Similarly, the price of 10-gram gold witnessed an increase of Rs10,459, bringing it to Rs378,031.<\/p>\n\n\n\n
Market analysts attribute the relentless rise in gold prices to heightened global economic uncertainty and institutional buying, which has pushed international rates to historic peaks.<\/p>\n\n\n\n
Silver prices also recorded substantial gains in tandem with gold.<\/p>\n\n\n\n
The price of silver per tola rose by Rs319 to reach Rs6,764, while the price of 10-gram silver increased by Rs274 to settle at Rs5,799.<\/p>\n","protected":false},"excerpt":{"rendered":"
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