Gold prices in Pakistan witnessed a sharp rise on Thursday, surprising both traders and buyers. The sudden increase was linked to gains in the international market, where global rates moved upward. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), this boost affected local prices, resulting in a major jump that ended the day with record-high rates for both per tola and per 10 grams.
Current and Previous Gold Rates
In the local market, the price of gold per tola soared by Rs. 8,300 to reach Rs. 443,062.
| Category | Previous Rate (PKR / USD) | After Drop (PKR / USD) | Change During Drop | Before Latest Increase (PKR / USD) | After Latest Increase (PKR / USD) | Change During Increase |
|---|---|---|---|---|---|---|
| Gold (Per Tola) | Rs. 430,362 | Rs. 416,362 | -Rs. 14,000 | Rs. 434,762 | Rs. 443,062 | +Rs. 8,300 |
| Gold (10 Grams) | Rs. 368,966 | Rs. 356,963 | -Rs. 12,003 | Rs. 372,738 | Rs. 379,854 | +Rs. 7,116 |
| Silver (Per Tola) | Rs. 5,097 | Rs. 4,924 | -Rs. 173 | Rs. 5,434 | Rs. 5,662 | +Rs. 228 |
| International Gold (Per Ounce) | $4,080 | $3,940 | -$140 | $4,124* | $4,207 | +$83 |
International Market Pushes Rates Higher
The rise in international gold prices played a major role in this sudden increase. APGJSA reported the global rate at $4,207 per ounce, including a $20 premium. This marked an $83 jump during the day, showing strong global demand. Analysts believe that international uncertainty, inflation fears, and currency shifts continue to drive people toward gold as a safe investment choice.
Silver Prices Also Show Growth
Alongside gold, silver prices in Pakistan also saw an upward move. The rate of silver per tola climbed by Rs. 228, now reaching Rs. 5,662. The rise in silver prices is seen as a reflection of growing investor interest in precious metals overall. Local jewellers say both metals are gaining attention as people look for stable investment options amid market volatility.