According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), in the local market, the price of gold per tola increased by Rs3,000 to Rs497,662, while the price per 10 grams rose by Rs2,572 to Rs426,664.
Meanwhile, silver prices also saw an increase, with the per tola rate rising by Rs130 to Rs8,014. Similarly, the price of silver per 10 grams increased by Rs 111 to Rs 6,870.
Spot gold inched 0.2% lower to $4,752.67 per ounce by 0720 GMT. However, the metal has gained 1.6% so far this week. US gold futures for June delivery fell 0.9% to $4,776.60 on Friday.