Gold prices in Pakistan increased on Friday as gains were recorded in the international market, rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) revealed.
In the local market, the cost of gold per tola rose by Rs500, bringing it to Rs473,362 for the day. Similarly, the price for 10-gram gold went up by Rs429, reaching Rs405,831.
Earlier this week, gold prices on Wednesday reached a new all-time high, with the per tola rate increasing by Rs2,000 to hit Rs472,862.
In the international market, gold prices rose by $5 and now stand at $4,510 per ounce, which includes a premium of $20.
Meanwhile, silver prices also experienced a rise, with the per tola rate increasing by Rs240 to close at Rs7,945.