KARACHI – Gold prices in Pakistan witnessed a sharp rise on Monday, with the Gold Rate per tola jumping by Rs5,000 to reach Rs473,362. The surge has raised concerns among buyers and investors about further increases in the local market.
The increase was also reflected in smaller quantities. The Gold Rate for 10 grams climbed by Rs429, reaching Rs405,831, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Analysts say the upward momentum is fueled by global market trends and rising international gold prices.
Current Gold Rate details show that 22K gold is now priced at Rs432,208 per tola, while 21K gold is available at Rs412,562 per tola. The 18K gold per tola rate stands at Rs353,625. Similarly, per gram rates for 22K, 21K, and 18K gold are Rs37,055, Rs35,371, and Rs30,318, respectively. For investors following global standards, an ounce of 22K gold is now priced at Rs1,050,266.
On the international front, gold prices rose to $4,510 per ounce, including a $20 premium. The global increase has directly impacted local rates, creating additional pressure on buyers in Pakistan. Experts warn that the Gold Rate may continue to fluctuate in response to international trends and currency movements.
Silver prices also showed a significant uptick, with the rate per tola increasing by Rs240 to reach Rs7,945. This reflects a broader rally in the precious metals market, highlighting investor interest in safe-haven assets amid global economic uncertainty.
Traders advise buyers to monitor the Gold Rate regularly and consider market conditions before making purchases. The sustained rise in both gold and silver emphasizes the growing demand for precious metals and their continued importance in Pakistan’s investment landscape.
In other news read more about: Why Gold Prices Are Soaring in Pakistan – Latest Rates
With the current trends, both domestic and international factors are expected to play a key role in determining the future Gold Rate in Pakistan.
