Massive Gold Price Hike in Pakistan: 24K Gold Jumps Rs12,200 Per Tola

Gold prices in Pakistan recorded another sharp increase on Friday, marking the second consecutive day of significant gains as international bullion prices continued to surge.

According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola increased by Rs12,200, taking the new rate to Rs440,936.

Likewise, the price of 10 grams of 24-karat gold rose Rs10,459 each to Rs378,031 in local markets.

The rally in Pakistan’s gold market follows a strong upward trend in global bullion prices. In the international market, gold rose by $122 per ounce, pushing the global rate to $4,185 per ounce.

Meanwhile, silver prices also registered an increase. The price of silver per tola went up by Rs319, bringing the new rate to Rs6,764.

Gold prices in Pakistan generally move in line with international market trends and are also influenced by fluctuations in the US dollar exchange rate. The latest surge reflects continued strength in global precious metals markets, resulting in higher prices for local buyers and investors.

Market analysts say investors often turn to gold during periods of economic uncertainty, making the precious metal a preferred safe-haven asset. With international prices reaching fresh highs, local gold rates are expected to remain volatile in the coming days.

The latest rates have been issued by the All Pakistan Sarafa Gems and Jewellers Association, which publishes the official daily gold and silver prices in Pakistan.