Gold Rates in Pakistan surged sharply on Friday, reflecting a strong rally in global markets and renewed investor demand for safe assets. The precious metal recorded its biggest single-day increase in recent weeks, pushing prices to record highs across the country.
According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola rose by Rs3,700. This increase took the rate to Rs473,262 per tola, the highest level ever seen in Pakistan. The sharp rise followed another strong gain a day earlier, when prices had already jumped significantly.
Gold Rates also climbed for smaller quantities. The price of 10 grams of gold increased by Rs3,172 to reach Rs405,745. Jewellers said the rapid movement shows strong buying interest amid uncertain economic conditions. Many investors continue to see gold as a safer store of value.
Different purity levels also saw higher prices. Twenty-two karat gold per tola stood at Rs433,583. Meanwhile, 21-karat gold was priced at Rs413,875 per tola. Eighteen karat gold was sold at Rs354,750 per tola. On a per gram basis, prices increased across all categories.
The rally in Gold Rates was driven mainly by international market trends. Global gold prices jumped by $37 to $4,509 per ounce, including a premium of $20. Spot gold rose 0.5 percent during US trading hours and remained on track for a strong weekly gain. Analysts noted that gold recently touched a historic high of $4,549.71, showing sustained demand worldwide.
US gold futures for February delivery also moved higher. They closed nearly one percent up at $4,500.90 per ounce. Market experts linked this rise to weaker economic data from the United States. December’s non-farm payrolls showed a much smaller increase than expected. This raised hopes of easier monetary policy in the coming months.
Silver prices followed the same trend in the local market. Silver per tola rose by Rs270 and settled at Rs8,465. Traders said both metals benefited from rising global uncertainty and currency pressures.
Experts believe Gold Rates may remain volatile in the short term. However, demand is expected to stay firm if global economic risks persist. Buyers and investors are advised to monitor market trends closely before making decisions.
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