Gold prices in Pakistan surged to another record level on Friday, in line with a sharp rally in the international bullion market, while silver prices also touched a new all-time high in the local market.

According to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by a massive Rs 9,100 to settle at Rs 514,662. Similarly, the price of 10 grams of gold increased by Rs 7,802, reaching Rs 441,239.

The sharp rise came a day after gold prices had declined slightly in the domestic market. On Thursday, the per tola price of gold had fallen by Rs 800 to Rs 505,562, reflecting short-term volatility before the latest surge.

Internationally, gold prices witnessed a strong rally, climbing by $91 to reach $4,923 per ounce, including a premium of $20. Analysts say the jump in global prices is being driven by economic uncertainty, safe-haven demand, and expectations of easing monetary policies in major economies.

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Silver prices in Pakistan also followed the upward trend, setting a new historic high. The price of silver per tola increased by Rs 372 to reach Rs 10,275, marking the highest level ever recorded in the local market.

Market experts say continued fluctuations in international markets, currency movements, and investor sentiment are likely to keep precious metal prices volatile in the coming days. Buyers and investors have been advised to stay cautious amid rapidly changing rates.