Gold prices in Pakistan rose on Friday, ending a four-day losing run that had stretched from Monday to Thursday.
According to the All Pakistan Gems and Jewellers Sarafa Association, the price of gold increased by Rs5,700 per tola to reach Rs460,262 in the local market. The rise brought relief to traders after days of steady declines earlier in the week.
The price of 10 grammes of gold also moved up. It gained Rs4,887 to settle at Rs394,600 per 10 grammes.
In the previous session on Thursday, gold had fallen by Rs2,400 per tola, pushing the price down to Rs454,562. Market participants said the rebound on Friday followed improved sentiment in global markets.
Silver prices also climbed and touched a new record. The price of silver rose by Rs227 per tola to reach Rs7,862 in the domestic market, according to jewellers.
Internationally, gold prices recovered after falling at the end of last year. Rising tensions between major powers and expectations of interest rate cuts in the US helped lift demand for the metal.
Spot gold was trading close to 2 percent higher at $4,397.66 per ounce by 1102 GMT. Prices had earlier hit a record high of $4,549.71 on December 26. This was after gold slipped to a two-week low on Wednesday.
Lukman Otunuga, a senior research analyst at FXTM, said precious metals had started 2026 on a strong note. He said investors were again turning to gold due to global risks and hopes of lower US interest rates later this year.
Physical demand has also shown signs of recovery. Gold was trading at a premium in key markets such as India and China for the first time in nearly two months. A recent pullback from record highs helped attract retail buyers.
Gold had a strong run last year, rising 64 percent in 2025. Analysts link the surge to US rate cuts, global tensions, strong buying by central banks and higher investment through exchange-traded funds.
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