Pakistan, Dec. 12 -- Gold prices in Pakistan jumped sharply on Friday, rising Rs10,700 per tola to Rs454,262. The increase followed a global rise in gold rates, reflecting strong demand in international markets. Silver prices also edged higher, gaining Rs232 to reach Rs6,684 per tola.

In local trading, 10-gram gold sold for Rs389,456 after a gain of Rs9,174, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold per tola had increased by Rs500 to Rs443,562, showing a steady upward trend this week.

The international gold rate rose $107 to $4,319 per ounce, with a $20 premium, driving the surge in domestic prices. Analysts said global market movements, currency fluctuations, and investor demand con...