Gold prices in Pakistan surged by Rs3,500 per tola, reaching Rs503,462, according to industry data. The increase reflects rising global gold rates, signaling continued market pressure and economic uncertainty. Consumers, investors, and jewelers across Pakistan are directly affected by the sharp price hike.
According to the All Pakistan Gems and Jewelers Association, gold prices continue an upward trend nationwide. The association reported that 10 grams of gold increased by Rs3,001, reaching Rs431,637. This steady rise highlights strong demand and global market influence on local pricing.
Read more: Gold prices remain steady in Pakistan
Meanwhile, international gold prices also recorded a notable increase in recent trading sessions. The global rate rose by $35 per ounce, reaching $4,811 per ounce. As a result, local markets adjusted prices in response to international benchmarks.
Experts say gold prices often rise during economic uncertainty and currency fluctuations. Investors tend to shift toward gold as a safe-haven asset during volatile financial conditions. Consequently, local prices in Pakistan closely follow global trends and exchange rate movements.
Read more: Gold loses over Rs40,000 per tola in Pakistan
Additionally, continued increases may impact jewelry demand and consumer purchasing power in the coming weeks. Traders expect further fluctuations depending on global economic developments and currency stability. However, market activity remains active despite rising costs.