The per-tola price of 24-karat gold witnessed an increase of Rs3,800 and was sold at Rs234,800 on Friday compared to its sale at Rs231,000 on the last trading day (Thursday), reported 24NewsHD TV channel.

The price of 10 grams of 24-karat gold also increased by Rs 3,258 to Rs 201,303 from Rs198,045, the All Sindh Sarafa Jewellers Association reported.

In international market, the international rate $2,254 per ounce, after a gain of $40 in international market.

Silver rates also inched up by Rs20 to settle at Rs2,580 per tola.

The surge in gold prices is primarily attributed to anticipations that global financial regulators will lower lending costs within the year. Furthermore, escalating geopolitical tensions have bolstered gold's appeal as a safe-haven asset.