KARACHI: Gold prices in Pakistan witnessed a notable increase on Friday, reflecting a strong upward trend in the international precious metals market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola surged by Rs3,000, bringing the new rate to Rs444,462. The rise comes just a day after gold had dipped by Rs1,700, showing how quickly the market is responding to global fluctuations.
Similarly, the price of 10-gram gold also rose sharply. It was recorded at Rs381,054 after an increase of Rs2,572 during trading hours. The latest surge has renewed interest among investors who closely monitor gold rates for hedging against inflation and economic uncertainty.
On the international front, gold prices climbed by $30 per ounce, reaching $4,221 with an added premium of $20. This upward movement in the global market has directly impacted domestic prices, as Pakistan relies heavily on international gold trends to determine local rates. Analysts believe the increase is tied to renewed demand from global investors seeking safe-haven assets amid economic instability and geopolitical tensions.
In addition to gold, silver prices in Pakistan also recorded an increase. The price per tola of silver rose by Rs72, hitting a new level of Rs6,072. While silver typically attracts smaller, retail-level investors, the consistent rise in both gold and silver signals strengthening demand in the precious metals market.
Experts suggest that the recent spike could influence buying patterns in the coming days. With the wedding season approaching, consumers might feel the pressure of higher prices, potentially slowing down jewellery purchases. However, traders remain optimistic, noting that price fluctuations are a normal part of the global metals cycle.
Market observers also highlight that international gold prices have remained sensitive to factors such as currency fluctuations, global inflation concerns, and shifting investment trends. As a result, Pakistani markets are likely to continue experiencing similar volatility.
For investors, jewellers and consumers alike, the latest rise in gold and silver prices marks yet another key development in a year filled with rapid market movement. Stakeholders are now watching global indicators closely to anticipate where prices may head next.
