Gold prices surged in Pakistan on Saturday after a sharp rise in the international bullion market, where the yellow metal gained $53 per ounce to reach $4,218.

After a two-day pause in trading, domestic bullion markets raised the price of 24-carat gold by Rs5,300 per tola, taking it to Rs444,162. The rate for 10 grams also increased by Rs4,544 to settle at Rs380,797.

Silver prices followed the same upward trend, with the per-tola rate climbing by Rs267 to Rs5,909 and the 10-gram price rising by Rs229 to Rs5,066.

Earlier on Friday, gold prices in Pakistan held steady for the second straight day, with the per-tola rate unchanged at Rs438,862 despite a surge in global bullion markets, where prices hovered near a one-week high on expectations of a Federal Reserve rate cut next month.

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