KARACHI: The gold prices recorded a fresh increase in both international and local markets on Saturday, continuing the upward trend in bullion rates.
In the international bullion market, the price of gold per ounce surged by $71, pushing the global rate to $5,108 per ounce.
Following the global trend, prices in local Sarafa Markets also witnessed a significant rise on the last trading day of the week. The price of 24-karat gold per tola increased by Rs7, 100, reaching Rs533,562.
Similarly, the price of 10 grams of gold climbed by Rs6, 087, settling at Rs457, 443 nationwide.
Silver prices also moved upward in the domestic market. The price of silver per tola rose by Rs374 to Rs8, 948, while the rate for 10 grams of silver increased by Rs321, reaching Rs7,671.
Market analysts attribute the surge to fluctuations in global bullion demand and currency movements, which continue to influence local pricing trends.
