In a notable turn of events, gold prices in Pakistan witnessed a substantial surge on Saturday, aligning with the upward momentum in the international market.

The yellow metal reached a notable price point of Rs220,300 per tola, marking an impressive gain of Rs3,500 within the span of a single day.

According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gramme gold now commands a selling price of Rs188,872, reflecting an increase of Rs3,001.

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This surge follows a noteworthy uptick on Friday when gold prices in Pakistan rose by Rs1,100 per tola.

The international gold market also experienced a surge, with the Saturday rate set at $2,103 per ounce, indicating a $36 increase.

The APGJSA reported a $20 premium on the international gold rate, emphasising the global dynamics influencing the precious metal markets.

Simultaneously, silver rates in Pakistan witnessed an increase of Rs30 per tola, settling at Rs2,600.

These fluctuations in precious metal prices underline the intricate interplay between local and global market forces, capturing the attention of investors and industry stakeholders alike.