KARACHI: Domestic gold prices surged to a record high on Friday, with one tola (24kt) reaching Rs456,900 and 10 grams hitting Rs391,718 — marking an unprecedented single-day increase of Rs14,100 and Rs12,089, respectively.

The jump was driven by a sharp $141 per ounce rise in international gold prices to $4,358, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). Local rates are also influenced by movements in the interbank exchange rate.

Commenting on the surge, Mohammad Sohail, CEO of Topline Securities, said gold prices have risen over 50pc in 2025 so far. As a result, Pakistan’s gold reserves are now estimated at $9bn — up from $6bn at the start of the year. This increase has lifted total reserves (including liquid foreign exchange) to approximately $23bn, nearing an all-time........

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