Gold Prices Hit Historic High of Rs348,000 per Tola in Pakistan Amid Global Trade Unrest

Amid mounting tensions from the ongoing tariff war between the United States and China, gold prices in Pakistan have skyrocketed to their highest-ever level, according to data from the All Pakistan Sarafa Gems and Jewellers Association released Wednesday.

The price of 24-karat gold per tola surged by Rs8,600, reaching an all-time high of Rs348,000 in the local market. Likewise, 10 grams of 24-karat gold rose by Rs7,373, now priced at Rs298,353.

Association President Muhammad Qasim Shikarpuri confirmed that the hike is directly tied to rising global gold prices, with international rates climbing $86 per ounce, reaching $3,310.

Prices of 22-karat gold also saw an increase, hitting Rs273,500 per 10 grams.

Silver prices followed suit with a modest rise. Silver per tola increased by Rs54 to reach Rs2,966, and 10 grams rose to Rs2,546. Globally, silver rose $0.63 to $32.98 per ounce.

Analysts note that the surge stems from rising global uncertainty due to economic and geopolitical tensions, which is driving investors to gold—a traditionally safe investment during instability.