Pakistan Gold Rates Expected to Surge Amidst Global Price Hike

Gold prices surged past $4,267 per ounce on Friday morning, pushing international spot gold up by over $27 (+0.65%) and silver by 1.4% to $62.39 per ounce.

The global rise in bullion is being fueled by strong safe-haven demand, currency movements, and sustained institutional interest overseas.

Following yesterday's massive Rs 11,300 hike in Pakistan, local sarafa traders expect another firm closing today, with the broader market outlook remaining strongly bullish in the short term.