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Gold rates in Pakistan has risen sharply by Rs 1,000 per tola as local and international markets report a continued upward trend.
According to the All Sindh Sarafa Jewelers Association, one tola of gold now costs Rs 354,100, compared to the previous rate of Rs 353,100 – an increase driven by global demand.
Similarly, the price of 10 grams of gold rose by Rs 857, pushing the new rate to Rs 303,583, reflecting a consistent upward trend in the domestic market.
The increase in gold prices in Pakistan follows the global market trend. Internationally, gold went up by $10, reaching $3,357 per ounce.
Analysts say the rise in international prices is due to uncertainty in global markets, increased demand for safe assets, and ongoing concerns about inflation and interest rate policies.
Jewellers say people are still buying gold in smaller quantities ahead of Eid ul Adha, while many are also investing in gold due to its stable long-term value.
READ: Gold price falls by Rs 2,600 per tola across Pakistan
Silver rates
Meanwhile, silver prices also increased. In Karachi, silver per tola rose by Rs 130, reaching Rs 3,586, while the 10-gram price also saw a slight increase.
Gold traders expect prices to remain volatile in the coming weeks due to global economic factors. Buyers are advised to stay updated and make informed investment decisions.
This increase affects not only investors but also people preparing for weddings or big purchases, making gold even less affordable for the average customer.
