Gold Rate in Pakistan Rises: Rs. 435,100 per Tola After Rs. 6,900 Surge

Gold prices in Pakistan climbed to a historic record on Tuesday, with a single-day jump of Rs. 6,900 per tola, taking the new rate to Rs. 435,100. This marks the highest gold price ever recorded in the country, reflecting rising global demand for the precious metal amid increasing economic and geopolitical uncertainty.

According to the All Pakistan Gems and Jewellers Association (APGJA), the rate of 10 grams of 24-karat gold also surged by Rs. 5,916, bringing the price to Rs. 373,028. The local bullion market responded swiftly to trends in the international market, where gold prices have been steadily rising due to macroeconomic volatility.

On the global front, the price of gold per ounce crossed $4,100, an all-time high. Experts attribute this surge to growing U.S.-China trade tensions, speculation about a potential interest rate cut by the U.S. Federal Reserve, and persistent concerns over inflation and currency devaluation in several economies.

“Gold is regaining its traditional role as a financial safe haven,” said Ahmad Kamal, a Karachi-based trader.

Whenever there is uncertainty in the stock market or global politics, gold becomes the preferred choice for investors.

Local jewellers reported a slowdown in customer traffic due to the rising prices.

“People are definitely more hesitant to buy gold at these rates,” said by Karachi’s Sarafa Bazaar.

Many are shifting toward silver or waiting for prices to stabilize. Interestingly, silver prices remained unchanged, despite the volatility in gold. The price of silver per tola stood firm at Rs. 5,247, while 10 grams of silver continued to trade at Rs. 4,499.

Economic analysts believe that Pakistan’s gold market is also being influenced by local factors, including the depreciation of the Pakistani Rupee, increasing import costs, and rising inflation. With the rupee losing ground against the U.S. dollar, gold becomes even more expensive for local buyers.

“If current trends continue — both internationally and domestically — we could see gold prices cross Rs. 450,000 per tola in the near future,” warned financial analyst Uzair Ahmed.

Investors and wealth managers across the country are keeping a close eye on market developments, as gold continues to serve as a buffer against declining purchasing power and financial instability.

For now, gold remains the center of attention in Pakistan’s commodity market, reflecting global unease and the search for reliable value in uncertain times.