Gold Prices Record Major Increase Across Pakistan
Gold became significantly more expensive in Pakistan on Tuesday, with domestic markets reacting strongly to an international price surge. According to figures released by the All Pakistan Gems and Jewellers Association (APGJA), the price of one tola of gold increased by Rs10,700, pushing the new rate to Rs454,262.
This marks one of the sharpest single-day jumps in recent months, similar to earlier periods when gold prices in Pakistan hovered near record highs. Pakistani gold prices have been highly sensitive to global trends, fluctuations in the rupee–dollar exchange rate, and rising investor uncertainty.
Ten-Gram Gold Price Also Climbs Sharply
Alongside the surge in the tola price, the rate for 10 grams of gold also saw a substantial increase. The APGJA reported a rise of Rs9,174, taking the new price to Rs389,456 per 10 grams.
Such increases often create ripple effects in local jewellery markets. Retailers say customers tend to delay purchases during sharp price swings, while investors sometimes seize the moment to adjust their holdings.
International Prices Hit Record Levels
The upward trend is linked closely to developments in the global gold market. International prices rose by US$107 per ounce, reaching US$4,319. This global rally has been driven by a combination of factors:
Geopolitical tensions in several regions
Concerns over inflation in major economies
Speculation about interest rate cuts by central banks
A shift towards safe-haven assets
Although the Urdu article offered only basic figures, market analysts note that global gold prices have repeatedly broken records in 2024 and 2025. Central banks, including those in China, India and Turkey, have continued to increase their gold reserves — a trend that has tightened supply and pushed prices upward.
Why Gold Prices Matter in Pakistan
Gold plays a significant role in Pakistan’s economy and culture. It is widely purchased for weddings, savings and investment. Therefore, any major price movement affects millions of households.
In addition, Pakistan’s economy has faced prolonged inflationary pressure. As a result, many people view gold as a more stable option compared to holding cash. However, rapid price increases can make gold less accessible for middle-income families.
Moreover, Pakistan imports gold because domestic production is limited. Therefore, global price shifts and changes in the exchange rate directly influence local rates. When the rupee weakens against the US dollar, gold becomes even more expensive for local buyers.
Traders React to the Sudden Spike
Jewellers’ associations say the current upward movement has created uncertainty. Many shop owners are reporting fewer walk-in customers because buyers prefer to wait for stability. Some traders believe that prices may continue to fluctuate, especially if global markets remain volatile.
At the moment, domestic prices are following the international trend very closely, said a Karachi-based jeweller. He added that even small changes in the global market trigger immediate adjustments in Pakistan.
What Happens Next?
Analysts suggest that gold could remain at elevated levels as long as global economic concerns persist. If international demand continues to rise, Pakistan’s domestic market will likely mirror that trend.
However, any strengthening of the Pakistani rupee or cooling of global markets could ease local prices.
For now, buyers and traders are watching the situation closely, hoping for more stability in the coming days.
