After three consecutive days of decline, gold prices rebounded on Friday in both international and local markets, driven by gains in the global bullion trade.

The increase in global rates translated directly into the domestic market. In local bullion markets, the price of gold per tola climbed by Rs 3000, reaching Rs 444,462. Similarly, the price of 10 grams of gold rose by Rs 2572, settling at Rs 381,064.

In the international market, spot gold rose 0.5% to $4226.99 per ounce as of 1208 GMT, although it remained on track for a marginal 0.1% weekly decline. The broader uptick pushed the international price up by $30, taking it to $4221 per ounce earlier in the day.

Read: Gold prices fall further in global, local markets

Silver also posted strong gains in the international market. It rose 1.9% to $58.20 an ounce, marking a weekly increase of 3.2% after hitting a record high of $58.98 on Wednesday.

Traders said the domestic market is closely tracking global movements, and volatility is likely to persist as investors respond to shifts in international demand, currency trends, and expectations for US monetary policy.