Gold rates in Pakistan continued their upward trend on Friday, tracking gains in the global market where bullion climbed further above $5,000 per ounce.

In the local market, the price of gold per tola increased by Rs. 2,500, reaching Rs. 526,462. The rise reflects both international price momentum and currency-linked adjustments in domestic pricing.

Market analysts attribute the global surge in gold prices to renewed investor demand for safe-haven assets amid economic uncertainty and fluctuating currency markets. When international bullion prices rise, Pakistan’s local gold rates typically follow suit due to import parity pricing mechanisms.

Jewellers report heightened interest from investors seeking to hedge against inflation and currency volatility, although higher prices may dampen retail jewelry demand in the short term.

Traders suggest that if international prices remain elevated, domestic rates could see further adjustments in the coming sessions. However, fluctuations in the exchange rate may also influence the local trajectory.