KARACHI: Gold prices in Pakistan surged on Thursday, mirroring an upward trend in the international market, according to data from the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The price of 24-karat gold rose by Rs3,700 per tola, reaching Rs423,062 compared to Rs419,362 a day earlier. Similarly, the rate for 10 grams of 24-karat gold increased by Rs3,122 to Rs362,707, while 10 grams of 22-karat gold climbed to Rs332,493, marking a rise of Rs2,935.
Internationally, gold prices advanced by $37 to $4,007 per ounce, while silver gained $0.9 to reach $48.50. In the local market, silver prices also increased by Rs90 per tola and Rs77 per 10 grams, now standing at Rs5,112 and Rs4,382, respectively.
Experts attribute the rebound to persistent global demand and investor caution amid ongoing economic and geopolitical uncertainties. The growing popularity of gold-backed Exchange-Traded Funds (ETFs) and fintech-driven investment tools has also expanded access to gold markets worldwide.
In Pakistan, where the rupee faces pressure and inflation remains high, gold continues to serve as a trusted hedge and safe-haven investment, retaining its significance in both traditional and modern financial strategies.
