Pakistan, July 3 -- Gold prices surged significantly in Pakistan on Friday, tracking strong gains in the international bullion market and pushing domestic rates to new highs.

According to the latest market figures, the price of 24-karat gold increased by Rs12,200 per tola, taking the domestic rate to Rs440,936 per tola.

Similarly, the price of 10 grams of 24-karat gold climbed by Rs10,459 to reach Rs378,031, reflecting continued volatility in the precious metals market.

Internationally, gold prices also recorded a sharp rise. The price of the yellow metal increased by $122 per ounce, reaching $4,185 in global trading. The upward movement in international markets was mirrored in Pakistan, where local gold prices are largely influenced b...