The price of gold reached Rs440,636 per tola, while 10 grams of 24-karat gold rose by Rs2,401 to Rs377,774.
The price of 10 grams of 22-karat gold increased by Rs2,201 to Rs346,305. In the international market, gold prices fell by $28 per ounce to $4,181, according to the figures reported for Friday.
Silver prices also increased in Pakistan. The price of 24-karat silver rose by Rs108 per tola to Rs6,256, while 10 grams of silver increased by Rs93 to Rs5,363.
International silver prices rose by $1.08 per ounce to $57.78. On Thursday, October 15, gold prices remained unchanged after several days of fluctuations. The price stood at Rs437,836 per tola, while 10 grams of gold remained at Rs375,373.
On October 14, gold prices had fallen by Rs3,000 per tola to Rs437,836. The price of 10 grams of gold dropped by Rs2,572 to Rs375,373.
On October 13, the price of gold increased by Rs900 per tola to Rs440,836, while 10 grams of gold rose by Rs71 to Rs377,945.
A day earlier, on October 12, gold prices had declined by Rs2,100 per tola and Rs1,800 per 10 grams, bringing the rates to Rs439,936 and Rs377,174, respectively.
Gold prices are influenced by several domestic and international factors, including movements in the US dollar, global economic uncertainty, geopolitical tensions and investor sentiment.
Investors often turn to gold as a safe-haven asset during periods of economic and political uncertainty, potentially increasing demand and pushing up international prices.
In Pakistan, the exchange rate between the rupee and the US dollar also plays an important role in determining local gold prices, alongside international market trends.
