Gold prices in Pakistan saw a sharp increase on Thursday, following a rise in international bullion rates. The domestic gold market responded with a Rs3,200 jump per tola, pushing prices to new highs.

According to the All Pakistan Sarafa Bazaar Jewellers Association, the price of 24-karat gold per tola surged to Rs354,700, while the price of 10 grams rose by Rs2,744, reaching Rs304,098.

The price hike comes on the back of a rally in the international gold market, where the price per ounce increased by $32, bringing it up to $3,324.

Silver prices also experienced an uptick: Per tola silver increased by Rs10 to Rs3,851, while 10 grams of silver rose by Rs8 to Rs3,301.

Gold prices plunge in Pakistan as global market sees sharp drop

The market volatility continues as gold prices had dropped by Rs3,00 per tola just a day earlier