Gold prices in Pakistan jumped sharply on Friday, mirroring a rise in the global market as investors awaited crucial U.S. inflation data that could influence international interest rates and bullion demand.

Gold Prices Rise Across Domestic Markets

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold rose by Rs3000, reaching Rs444462 per tola. Similarly, the 24-karat 10-gram rate increased by Rs2572, settling at Rs381054.

Meanwhile, 22-karat gold also moved higher, reaching Rs349312 per 10 grams, continuing the upward momentum seen throughout the week.

Silver Prices Climb Alongside Gold

Silver followed the same trend, with 24-karat silver selling at Rs6072 per tola, an increase of Rs72, and Rs5205 per 10 grams, up Rs61 from the previous day. Jewellers expect silver to remain volatile in the coming days due to shifting global sentiment.

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Global Market Drives Local Surge

On the international front, spot gold traded near $4219 per ounce, gaining $13.1 (0.31 percent) from the previous session. Analysts say investors are positioning themselves ahead of the latest U.S. inflation numbers, which could influence the Federal Reserve’s next policy moves.

A higher global gold price typically lifts Pakistan’s gold market due to the country’s heavy reliance on imports and dollar-linked pricing.