Gold prices in Pakistan experienced a sharp increase over the weekend, mirroring a strong upward trend in global markets. In the local bullion market, the price of gold per tola rose by Rs4,800, reaching Rs472,062, while 10 grams of gold gained Rs4,116, closing at Rs404,717.
This surge comes after a minor decline recorded on Friday, when gold per tola fell by Rs1,000 to Rs467,262, demonstrating short-term market volatility. Analysts said the rebound highlights how closely Pakistan’s gold market is tied to international trends.
Globally, gold prices climbed by $48 per ounce, settling at $4,493. The rate includes a $20 premium, which contributed to the rise in domestic gold rates. Market experts pointed to international geopolitical tensions, particularly developments involving Iran and the United States, as key drivers influencing local bullion prices.
Silver prices in Pakistan, by contrast, remained stable. The rate per tola held steady at Rs7,454, showing no change despite the surge in gold prices. Analysts noted that silver tends to follow different dynamics and is less sensitive to short-term international fluctuations than gold.
The latest local and international rates are summarized as follows:
| Commodity | Unit | Price | Change | Old Price |
|---|---|---|---|---|
| Gold | Per Tola | 472,062 | +4,800 | 467,262 |
| Gold | 10 Grams | 404,717 | +4,116 | 400,601 |
| Silver | Per Tola | 7,454 | No Change | 7,454 |
| Gold (Intl.) | Per Ounce | $4,493 | +$48 | $4,445 |
Analysts predict that gold prices in Pakistan may continue to fluctuate in line with international bullion trends. Investors are advised to monitor global markets closely, as developments in the Middle East and US monetary policies could further affect local rates.
Also read: Gold Prices Rise in Pakistan Amid Global Uncertainty
