Gold prices rose sharply across Pakistan on Thursday, with the price of one tola increasing by thousands of rupees amid a significant rise in international gold prices.
According to the All Pakistan Gems and Jewellers Association, the price of gold increased by Rs13,700 per tola, taking the price of one tola of gold to Rs471,936.
The price of 10 grams of gold also recorded a substantial increase. It rose by Rs11,746, bringing the price of 10 grams to Rs404,609.
The latest increase comes as gold prices in the international market also moved significantly higher. According to the available market data, the international price of gold increased by $137 per ounce, reaching $4,495 per ounce.
The sharp rise in international gold prices has contributed to higher rates in the domestic market. Gold prices in Pakistan are closely influenced by movements in global bullion markets, along with exchange-rate fluctuations and local market conditions.
The latest increase represents another significant move in the domestic gold market, where prices have remained sensitive to developments in international markets. Investors and consumers closely monitor global gold prices because changes in the international benchmark can quickly affect local rates.
Gold is traditionally considered a safe-haven asset, and demand can increase when investors are concerned about economic uncertainty, inflation, geopolitical tensions or movements in major financial markets. Such factors can contribute to substantial changes in gold prices over relatively short periods.
For jewellery buyers in Pakistan, the latest increase means that purchasing gold has become considerably more expensive. A customer buying a standard one-tola quantity would now have to pay nearly Rs472,000 based on the latest quoted market rate, before taking into account any additional jewellery-making charges or other costs.
The increase in the 10-gram rate also reflects the scale of the day’s movement. With the price reaching Rs404,609, gold continues to remain a high-value commodity for both consumers and investors.
Market participants will now be watching international bullion prices closely to determine whether the latest rally continues or prices begin to stabilise. Further movements in the global gold market, as well as changes in the Pakistani rupee’s value, could influence domestic prices in the coming sessions.
For now, the latest figures show a strong upward movement in gold prices in Pakistan. The price of one tola has risen by Rs13,700, while the international benchmark has gained $137 per ounce, pushing gold to $4,495 per ounce.
The sharp increase is likely to keep gold in focus among investors, jewellers and consumers across the country as the market responds to the latest global price movement.
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