Gold prices in Pakistan recorded a sharp increase on Friday, marking the first rise of the year, in line with a strong upward trend in the international bullion market.

According to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola surged by Rs 5,700, reaching Rs 460,262 in the local market. Similarly, the price of 10 grams of gold increased by Rs 4,887 to settle at Rs 394,600.

The rise comes a day after gold prices witnessed a decline. On Thursday, the price per tola had dropped by Rs 2,400, bringing it down to Rs 454,562, before rebounding strongly in the latest session.

Internationally, gold prices also moved higher, gaining $57 to reach $4,379 per ounce, including a $20 premium, reflecting increased demand and global market volatility. Analysts attribute the surge to investor interest in safe-haven assets amid economic uncertainty and currency fluctuations.

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Meanwhile, silver prices in Pakistan touched a new all-time high. The price of silver per tola jumped by Rs 227, reaching Rs 7,862, further highlighting the bullish trend in precious metals.

Market experts say that movements in global gold prices, fluctuations in the rupee-dollar exchange rate, and international economic signals continue to play a key role in determining local bullion rates. Traders expect gold and silver prices to remain volatile in the coming days, urging investors to stay cautious.