Gold prices in Pakistan surged by Rs2,300 per tola on Wednesday, tracking gains in the international market. The fresh increase pushed local bullion rates sharply higher. The rise impacts investors, traders, and consumers across the country.
According to the All-Pakistan Gems and Jewellers Sarafa Association, gold per tola climbed to Rs582,562. Meanwhile, 10-gram gold rose by Rs1,972 to reach Rs453,156. Dealers said strong global prices drove the upward trend in domestic markets.
Read more: Gold prices rise by Rs 1,500 per tola
In comparison, gold per tola had settled at Rs526,262 on Tuesday after gaining Rs1,500. The continued rally reflects volatility in global bullion markets. Analysts link the increase to rising international demand and currency movements.
Furthermore, the international gold rate climbed by $23 per ounce. It reached $5,058 per ounce, including a $20 premium. The global surge directly influenced Pakistan’s local bullion prices.
Read more: Gold prices rise by Rs 5,300 per tola
Traders expect further fluctuations in coming days. They advise buyers to monitor international trends closely. Gold remains a key hedge against inflation and currency depreciation in Pakistan.