Gold prices in Pakistan continued their strong upward momentum on Thursday, with the precious metal recording another significant increase following a sharp rise in international bullion markets. The latest jump pushed domestic gold rates to new highs, reflecting growing global demand for safe-haven assets and increased volatility in international financial markets.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola increased by Rs. 11,300 on Thursday, reaching Rs. 449,236. This marks the second major increase in just two days, taking the cumulative gain to an impressive Rs. 21,000.
The sharp rise has once again drawn the attention of investors, jewellers, and consumers, many of whom closely monitor gold prices as an indicator of economic uncertainty and inflation trends.
The price of 10 grams of 24-karat gold also witnessed a substantial increase, climbing by Rs. 9,688 to settle at Rs. 385,147. The increase mirrors the upward trend in global gold markets, where prices have strengthened amid heightened investor demand.
Gold prices in Pakistan are largely influenced by movements in the international bullion market and fluctuations in the exchange rate. Any increase in global gold prices or depreciation of the Pakistani rupee can significantly impact local market rates.
Market analysts say investors often shift toward gold during periods of economic uncertainty, geopolitical tensions, or financial market volatility. As a globally recognized safe-haven asset, gold tends to attract buyers seeking to preserve wealth when other investment options become more uncertain.
The latest rally comes at a time when international investors continue to monitor global economic developments, inflation expectations, central bank policies, and geopolitical events that could influence commodity markets.
For local consumers, however, the continued rise in gold prices presents challenges, particularly for families planning weddings or purchasing jewelry. Higher bullion prices often lead to reduced demand in the retail jewelry market as buyers postpone purchases or opt for lighter designs.
Jewellers are also closely watching international market trends, as further gains in global gold prices could push domestic rates even higher in the coming days. At the same time, any easing in international prices or improvement in currency stability could help moderate local price movements.
Gold remains one of Pakistan’s most popular investment assets due to its ability to retain value over the long term. Many investors continue to view the precious metal as a reliable hedge against inflation and currency fluctuations.
The latest price surge highlights the strong connection between Pakistan’s bullion market and international economic conditions. As global uncertainty persists, gold is expected to remain under close watch by investors, traders, and consumers alike.
With prices reaching record levels after gaining Rs. 21,000 in only two days, market participants will be looking to international developments for clues on whether the rally continues or experiences a correction in the near future.
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