According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold in the local market increased by Rs1,523 per tola, bringing the rate to Rs469,285 per tola.

Similarly, the price of 10 grams of gold rose by Rs1,305, reaching Rs402,335.

The association also reported a rise in global gold prices, with the rate per ounce increasing by $14 to $4,468.

Notably, the previous day had seen a significant drop in local gold prices, with the price per tola falling by Rs8,600.

However, Thursday’s increase reversed that decline, sending rates upward once again.