Gold Prices Rise Rs3,000 Per Tola in Pakistan Amid Global Market Surge
Gold prices saw another significant jump in Pakistan on Friday as the yellow metal continued its volatile trend in both local and international markets. According to the latest rates shared by the All Pakistan Gems and Jewellers Association, the price of gold per tola surged by Rs3,000, pushing the new rate to Rs444,462. The price of 10 grams also increased sharply, rising by Rs2,572 to reach Rs381,054. Jewellers noted that the domestic market was reacting to sustained fluctuations in global demand, currency movements, and overall economic uncertainty, which have been driving pricing instability throughout the week.
In the international market, gold prices also moved upward, climbing by 30 dollars and taking the per-ounce value to 4,221 dollars. Analysts say this upward push is linked to global economic concerns, shifting investor sentiment, and renewed interest in safe-haven assets amid persistent market pressures. The rise aligns with the broader international trend that has kept gold trading at elevated levels throughout the past month.
It is important to note that just a day earlier, gold prices in Pakistan had dropped by Rs1,700 per tola in the local market, highlighting the ongoing unpredictable behaviour of the precious metal. Market experts believe such swings are likely to continue in the short term due to volatility in the global economy, inflationary pressures, and exchange-rate fluctuations. Jewellers added that buyers and investors remain cautious, closely watching market signals while anticipating further changes in the coming days.
