The per tola gold price witnessed an increase of Rs600 to reach Rs114,600 in the domestic market on Friday.

Likewise, the rate of 10-gram gold increased by Rs515 to Rs98,251, according to the All Pakistan Jewellers Association.

Prices of the precious yellow metal in the international market rose by $18 per ounce to $1,918, resulting in an increase in domestic prices of gold.

Gold rose by more than 1% on Friday and was on course for a second straight weekly gain as the dollar weakened and renewed negotiations for US stimulus prompted investors to buy bullion as a hedge against inflation.