Gold prices in Pakistan surged on Saturday, tracking a sharp uptick in international markets and reversing the previous session's losses. The precious metal added Rs2,400 per tola, bringing fresh volatility to local bullion trading. Main Developments According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola reached Rs424,236 after a single-day increase of Rs2,400. For smaller denominations, 10-gram gold climbed by Rs2,057 to settle at Rs363,713. Internationally, spot gold rose by $24 per ounce to hit $4,018, inclusive of a $20 premium. The move followed a decline of Rs3,600 per tola in the local market on Friday, when gold had settled at Rs421,836. Read also: How Pakistan's three-day surveillance stopped a suicide bomb attack Background Pakistan's gold rates are closely tied to international price movements, with the APGJSA setting daily rates based on global benchmarks and local premiums. The sector has seen heightened fluctuation recently, with swings of thousands of rupees occurring within days. Silver also gained ground on Saturday, rising by Rs41 to reach Rs6,070 per tola. The parallel movement between gold and silver reflects broader investor sentiment in precious metals amid global economic uncertainty. Why It Matters For Pakistani consumers and investors, gold serves as both a traditional store of value and a hedge against inflation. The rapid price swings—down Rs3,600 on Friday, up Rs2,400 on Saturday—underscore the metal's volatility, which can impact purchasing decisions for jewelry, savings, and investment portfolios. The international rally above $4,000 per ounce signals sustained global demand, which may keep domestic prices elevated in the near term. What's Next Market participants will watch Monday's trading for further direction, as gold's trajectory depends on global economic data, currency movements, and geopolitical developments. The APGJSA is expected to announce revised rates based on international market openings.