Gold Price in Pakistan Rises to Rs363,800 per Tola

Gold prices in Pakistan gained Rs1,200 on Friday, tracking international trends, with the per tola rate reaching Rs363,800 in the local market.

KARACHI: Gold prices in Pakistan continued their upward trajectory on Friday, rising by Rs1,200 per tola to reach Rs363,800 in line with gains in the international market, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The 10-gram gold rate also increased by Rs943, closing at Rs311,814.

On Thursday, domestic gold had gained Rs900 per tola, settling at Rs362,600, while 10 grams were sold at Rs310,871 after a rise of Rs772. A day earlier, on Wednesday, prices had climbed Rs1,000 per tola, with the yellow metal reaching Rs361,700 in local trade.Gold Rate in Pakistan Today-May 5, 2025

Internationally, gold also extended its rally. The global price reached $3,411 per ounce on Friday, reflecting a gain of $12, while on Thursday, it had stood at $3,399 per ounce, up $9 from the previous session. APGJSA noted that the premium on international gold remained at $20.

Meanwhile, silver prices in Pakistan remained unchanged on Friday, with the per tola rate steady at Rs4,121. On Thursday, silver had increased by Rs53 to reach the same level.

Market analysts attribute the rising trend in gold prices to heightened international demand, global economic uncertainty, and fluctuations in the US dollar. Gold has historically been viewed as a safe-haven asset during times of volatility, and its steady climb this week has been mirrored across domestic and global markets.

Traders said that local demand in Pakistan has also remained firm, with investors increasingly turning to gold as a hedge against inflation and currency fluctuations. The rupee’s recent modest gains against the dollar have had little impact on the bullion market, where international prices continue to set the tone.

With the local market registering three consecutive days of gains this week, jewellers and traders expect gold to remain volatile in the coming days, closely tracking international movements and investor sentiment.