Gold Rate Rises Near Rs. 5 Lac in Pakistan
Gold prices in Pakistan witnessed another sharp movement on Thursday as rates moved closer to the historic Rs. 5 lakh mark after a sudden recovery in the international bullion market.
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According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24K gold per tola increased by Rs. 1,000, pushing the new rate to Rs. 492,362 across local marketsSimilarly, the price of 10 grams of 24K gold increased by Rs. 858 and settled at Rs. 422,121 after fresh buying activity emerged in the local bullion market.
Latest Gold Rate in Pakistan Today
| Gold Type | Latest Price |
|---|---|
| 24K Gold Per Tola | Rs. 492,362 |
| 24K Gold 10 Grams | Rs. 422,121 |
| Silver Per Tola | Rs. 9,204 |
The latest increase comes a day after gold prices recorded a decline of Rs. 1,100 per tola in Pakistan. Traders believe that renewed strength in global bullion prices triggered fresh momentum in local markets.
International Gold Prices Recover
In the international bullion market, gold prices recovered by $10 per ounce and reached $4,700 per ounce. The rise in global prices directly impacted Pakistan’s local gold market, where rates are heavily linked with international trends and dollar movement.
Market experts say ongoing uncertainty in global financial markets, inflation concerns, and investor demand for safe-haven assets are supporting gold prices worldwide.
Why Gold Prices Are Rising in Pakistan
Gold prices in Pakistan usually fluctuate due to several major factors, including:
- Changes in international gold prices
- Dollar to rupee exchange rate
- Import costs and taxes
- Demand in local jewelry markets
- Economic and political uncertainty
With global bullion markets showing signs of recovery, local traders expect further fluctuations in the coming days.
Silver Prices Also Increase
Alongside gold, silver prices also witnessed an increase in Pakistan. The price of silver per tola rose by Rs. 65 and settled at Rs. 9,204.
Jewelry traders believe silver demand is also improving due to rising investment interest and wedding season activity in several cities.
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Gold Market Outlook
Analysts believe gold prices may remain volatile this week as investors continue monitoring global economic developments, US inflation data, and interest rate expectations.
If international bullion prices continue their upward momentum, Pakistan’s gold rate could soon cross the Rs. 5 lakh per tola milestone.
FAQs
What is the gold rate in Pakistan today?
The latest 24K gold rate in Pakistan is Rs. 492,362 per tola.
What is the price of 10 grams of gold in Pakistan?
The price of 10 grams of 24K gold is Rs. 422,121.
Why are gold prices increasing in Pakistan?
Gold prices are increasing due to recovery in international bullion markets and fluctuations in the dollar exchange rate.
What is the latest silver price in Pakistan?
Silver prices increased to Rs. 9,204 per tola.
Final Thought
Gold prices in Pakistan continue to remain highly volatile as international bullion markets rapidly react to global economic uncertainty and investor sentiment. With gold rates now approaching the historic Rs. 5 lakh per tola level, traders and investors are closely watching upcoming movements in global markets and the dollar exchange rate. If the current recovery trend continues, Pakistan’s local gold market could witness even higher prices in the coming days.
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