Gold Rate in Pakistan Jumps Sharply – 24K Gold Hits Rs. 475,362 Per Tola

Karachi: Gold prices witnessed a sharp rebound in both local and international markets after a brief one-day decline, as renewed hopes of a potential US–Iran diplomatic breakthrough helped stabilize global commodity trends, according to market data shared by the All Pakistan Sarafa Association.

Bullion prices have recovered following persistent uncertainty in global financial markets, which remain sensitive to geopolitical events and investors’ appetite for safe-havens.

Gold Price in Pakistan Jumps Sharply

In Pakistan’s bullion market, the price of 24-karat gold per tola increased by Rs. 5,000, reaching Rs. 475,362.

Similarly, the price of 10 grams of gold rose by Rs. 4,287, bringing it to Rs. 407,546.

The sharp price rise is attributed to foreign price recovery and local currency pressures affecting imports, especially gold, by market experts.

International Gold Market Also Moves Up

In the global bullion market, gold prices also recorded a noticeable increase. The price of gold per ounce rose by $50, reaching $4,530, showing renewed strength after the previous session’s decline.

The analysts attribute this recovery to the changing moods of geopolitical talks, including rumors of a potential U.S.-Iran deal that boosted sentiment for the time being.

Silver Prices Also Rise in Local Market

Alongside gold, silver prices also moved upward in the domestic market. The price of silver per tola increased by Rs. 60, reaching Rs. 8,034, reflecting broader strength in precious metals.

Why Gold Prices Are Fluctuating

Market analysts suggest that gold prices remain highly sensitive to:

• Global geopolitical tensions
• US–Iran relations and Middle East stability
• US dollar movement
• Inflation expectations worldwide
• Investor demand for safe-haven assets

Experts believe that any further progress or breakdown in diplomatic talks could continue to create volatility in bullion markets.

Investor Outlook

Traders are likely to see continued volatility in gold prices in the near future, with traders closely watching international political events and economic forecasts.