Gold Price Jumps By Rs5,900 Per Tola In Pakistan

Gold prices in Pakistan recorded a sharp increase on Friday, with the local per-tola rate rising by Rs5,900 as the precious metal strengthened in the international market. The jump pushed the domestic price of gold to Rs440,936 per tola, marking a significant daily movement for buyers, jewellers and investors tracking bullion trends.

According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association, the international price of gold increased by $59 during the day and reached $4,184 per ounce. The local market followed that upward movement, reflecting the close link between international bullion prices and domestic gold rates.

The price of 10 grams of gold also moved higher in Pakistan. It was quoted at Rs378,031 after an increase of Rs5,058. The rise came a day after gold had already gained Rs600 per tola, when the domestic rate stood at Rs435,036.

Silver prices also rose during the day. The price of silver increased by Rs144 per tola and reached Rs6,512, showing that the broader precious metals market remained firm alongside gold.

The latest movement is important for Pakistan's jewellery and investment markets because gold is widely used both as a consumer purchase and as a store of value. A sharp increase in the per-tola rate can immediately affect retail demand, wedding-season buying, savings decisions and the working costs of jewellers.

For local traders, the new rates may also influence short-term buying behaviour. Some buyers may delay purchases after the steep daily increase, while investors who already hold gold may watch whether the international market sustains its momentum in the coming sessions.

The domestic bullion market often responds quickly to international price changes, while local currency conditions and market demand can also affect final retail prices. Friday's increase shows that global bullion strength remains a major factor in Pakistan's gold pricing.

Market participants are expected to keep a close watch on the next international price movement and the rates issued by local bullion associations. Any further rise in global gold could keep domestic prices elevated, while a correction abroad may ease pressure on local buyers.