Karachi: Gold prices witnessed a significant increase across Pakistan, with the price of one tola of gold rising by Rs5,000 amid an upward trend in the international bullion market.
According to the All Pakistan Gems and Jewellers Association, the price of 24-karat gold per tola increased by Rs5,000, bringing the new rate to Rs475,362 nationwide.
The association also reported an increase in the price of 10 grams of gold, which rose by Rs4,287 to reach Rs407,546.
Jewellers and market analysts say the rise in domestic gold prices is mainly linked to the increase in international gold rates as well as fluctuations in currency exchange markets.
In the global bullion market, gold prices climbed by 50 dollars per ounce, reaching 4,530 dollars per ounce.
Experts believe ongoing global economic uncertainty, inflation concerns, and investor demand for safe-haven assets are among the key factors driving gold prices higher internationally.
Gold is traditionally considered a secure investment during periods of economic instability, geopolitical tensions, and financial market uncertainty.
Traders say that local gold prices in Pakistan are directly influenced by movements in the international market along with changes in the value of the Pakistani rupee against the US dollar.
The latest increase has further affected consumers planning to purchase gold jewellery, especially ahead of the wedding season and Eid-related shopping.
Jewellers in major cities including Karachi, Lahore, and Islamabad reported that many customers are closely monitoring prices and delaying purchases in anticipation of possible market fluctuations.
Market observers note that gold prices in Pakistan have experienced considerable volatility in recent months due to changing international economic conditions.
Some analysts predict that if global tensions and economic uncertainty continue, gold prices could remain elevated in the coming weeks.
Investors and traders are also paying attention to international interest rate policies, inflation data, and geopolitical developments, all of which influence the global demand for gold.
Meanwhile, jewellery traders say higher gold prices often reduce customer activity in local markets, particularly among middle-income buyers.
Despite rising prices, gold continues to be viewed in Pakistan as both a traditional investment and an important part of cultural and family celebrations.
The All Pakistan Gems and Jewellers Association regularly updates gold rates based on international market trends and domestic trading activity.
Financial experts advise investors to monitor market conditions carefully before making large investments in precious metals due to ongoing price fluctuations.
The sharp increase in gold prices once again highlights the strong connection between Pakistan’s local bullion market and global economic developments.
