Gold prices recorded a significant increase across Pakistan on Sunday, pushing the precious metal to a new high in the local market amid continued gains in international bullion rates.
According to the All Pakistan Gems and Jewellers Association (APGJA), the price of gold per tola increased by Rs4,643, taking it to Rs442,636. The latest rise reflects ongoing volatility in global financial markets and sustained investor interest in safe-haven assets.
The association also reported a notable increase in the price of 10 grams of gold, which climbed by Rs4,179 to reach Rs378,345. The upward trend has further strengthened gold’s position as one of the most closely watched investment options in the country.
Market analysts attribute the rise in local gold prices largely to developments in the international market, where bullion rates continued to move higher. Gold prices often respond to global economic uncertainty, inflation concerns, currency fluctuations, and shifts in investor sentiment. As a result, changes in international rates are usually reflected in domestic markets.
On the global front, the price of gold rose by $46.43 per ounce, reaching $4,202 per ounce. The increase in international prices has directly influenced local rates, leading to a sharp jump in the value of gold across Pakistan.
Jewellers and traders say that while higher prices may affect consumer demand for jewellery in the short term, many investors continue to view gold as a reliable store of value during periods of economic uncertainty. Demand for the precious metal often rises when investors seek protection against inflation and market instability.
The latest increase comes after recent fluctuations in gold prices, highlighting the dynamic nature of the bullion market. Industry observers will continue to monitor global economic developments, as international trends remain a key factor influencing gold prices in Pakistan.