Pakistan, June 13 -- Gold prices in Pakistan surged again on Friday, mirroring a strong rally in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola jumped by Rs4,600, reaching a new high of Rs361,500. This sharp rise comes amid growing economic and geopolitical concerns worldwide.

The 10-gram gold rate also increased by Rs4,023, closing at Rs310,007. Just a day earlier, the per tola rate had already climbed Rs4,000 to Rs356,900, showing a back-to-back rally. Analysts believe the consistent rise is partly due to a weakening rupee and safe-haven demand triggered by tensions between Israel and Iran.

On the global front, the gold rate surged to $3,417 p...