Gold Prices Pakistan Hit New Record Levels
Gold Prices Pakistan surged sharply on Thursday, pushing rates closer to the historic 6 lac mark amid strong international gains and rising demand for safe haven assets.
In the local bullion market, the price of gold per tola increased by Rs 21,200, reaching Rs 572,862. The price of 10 gram gold also rose by Rs 18,175 to settle at Rs 491,136, according to the All Pakistan Gems and Jewellers Sarafa Association.
Gold Prices Pakistan Continue Strong Momentum
Just a day earlier, gold had already recorded a significant increase, with per tola prices rising by Rs 21,100 to Rs 551,662. This back to back surge highlights the strong bullish momentum currently dominating the local gold market.
Traders report that uncertainty in global financial markets has increased investor interest in gold as a secure store of value.
Read Also Here: Gold Price Pakistan Crosses Rs 5 Lac for First Time
International Gold Prices Drive Local Market
On the international front, gold prices also posted a powerful rally. The global gold rate jumped by 212 dollars to reach 5,505 dollars per ounce, including a premium of 20 dollars.
Spot gold extended its upward trend as investors sought protection against geopolitical tensions and economic uncertainty. Prices climbed 2.7 percent to 5,542.29 dollars per ounce by early GMT trading, after touching an intraday high of 5,591.61 dollars.
Silver Prices Also Rise in Pakistan
Silver prices in Pakistan also moved upward alongside gold. The price of silver per tola increased by Rs 264, reaching Rs 12,175, reflecting broader strength across precious metals.
Historical Context
Gold has traditionally been considered a safe haven asset in Pakistan during periods of inflation, currency depreciation, and global uncertainty. Over the years, rising international prices and fluctuations in the rupee have played a key role in driving local gold rates higher. Similar sharp rallies were observed during past global financial crises, reinforcing gold’s long standing role as a hedge against economic instability.
External Reference
For international precious metals prices and market trends, visit
https://www.gold.org
Frequently Asked Questions
Why are Gold Prices Pakistan rising sharply
Gold prices are increasing due to strong international gains, economic uncertainty, and higher demand for safe haven assets.
What is the current gold price per tola in Pakistan
Gold is currently priced at Rs 572,862 per tola.
How much did gold prices increase in one day
Gold prices rose by Rs 21,200 per tola in the latest session.
Are silver prices also increasing in Pakistan
Yes, silver prices have also increased, reaching Rs 12,175 per tola.
Can gold prices reach 6 lac in Pakistan
If international prices remain strong and the rupee weakens further, gold prices could approach the 6 lac level.
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