Gold Prices Surge Sharply in Pakistan, Driven by Global Market Rally

Gold prices in Pakistan continued their upward trend on Wednesday, reflecting a global rally in the precious metals market. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola jumped by a significant Rs6,600, reaching Rs349,400.

The price of 10 grams of 24-karat gold also climbed by Rs5,659 to settle at Rs299,554.

On the international front, the global gold price surged by $66 per ounce, pushing the rate to $3,310 — indicating strong investor interest amid ongoing global economic uncertainty.

Silver prices in the local market followed suit. The rate for 24-karat silver per tola increased by Rs56, reaching Rs3,466, while 10 grams of silver rose to Rs2,971.

Market analysts attribute the spike to geopolitical tensions, fluctuations in the US dollar, and investor moves toward safer assets like gold.

The continued rise in gold and silver prices may impact the local jewellery market, particularly ahead of the wedding season.