Gold Prices Surge in Pakistan Amid Global Upswing

Local Rate has Hit Rs356,000 Per Tola as International Market Also Climbs

Staff Report

KARACHI: Gold prices in Pakistan have registered a sharp increase on Thursday due to gains in the international market.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the per tola price of gold increased by Rs1,335 to Rs356,000.

Similarly, the price of 10 grams of gold also went up by Rs1,144, to Rs305,212.

This spike is a result of Wednesday’s uptick of Rs300, when gold stood at Rs354,665 per tola.

In the international market, gold had also posted gains, and its price stood at $3,343 per ounce. It reflected a rise of $13 for the day, which also included $20 premium, APGJSA said.

The silver market also witnessed the upward trend, and silver rates per tola were up by Rs86 to Rs3,850.

Experts have attributed the upward trajectory in the gold prices to ongoing global ecogold prices nomic uncertainties and demand for safe-haven assets. Jewellers have expected further fluctuations in the coming weeks, which were based on international cues and currency movements.Rupee Inches Higher Against US Dollar

The U.S. dollar hit its lowest level since March 2022, making gold cheaper for holders of other currencies—boosting demand.  Reports that President Trump may replace Fed Chair Powell have rattled markets. That uncertainty raises fears of politically influenced rate cuts, weakening the dollar further and pushing gold higher.

Reports that President Trump may replace Fed Chair Powell have rattled markets. That uncertainty raises fears of politically influenced rate cuts, weakening the dollar further and pushing gold higher.