Gold prices recorded a sharp increase in Pakistan on Thursday, with the price of one tola rising by Rs3,600, reflecting gains in the international bullion market and strengthening demand for the precious metal.
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According to the All Pakistan Gems and Jewellers Sarafa Association, the price of one tola of gold climbed to Rs433,836 after the latest increase. The association said the domestic market followed the upward trend in global gold prices, which have remained volatile amid international economic uncertainty.
The price of 10 grams of gold also registered a notable increase, rising by Rs3,086 to reach Rs371,944. Dealers said fluctuations in international bullion prices and movements in the exchange rate continue to influence gold prices in Pakistan on a daily basis.
In the international market, gold gained $36 per ounce, taking the global price to $4,113 per ounce. Market analysts attributed the increase to continued investor interest in safe-haven assets amid geopolitical tensions and uncertainty surrounding global economic conditions.
Gold is widely regarded as a hedge against inflation and financial market volatility. During periods of heightened uncertainty, investors often shift their funds toward precious metals, increasing demand and pushing prices higher in international markets. These global trends are typically reflected in Pakistan’s bullion market after accounting for local taxes, duties and currency movements.
Jewellers said higher prices may affect retail demand, particularly for jewellery purchases, as consumers often delay buying during periods of sharp price increases. However, investment demand for gold tends to remain resilient as many investors view the metal as a reliable store of value during uncertain economic conditions.
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Market experts will continue monitoring international developments, including global interest rate expectations, currency movements and geopolitical events, as these factors are expected to influence the direction of gold prices in the coming days. Any significant changes in the global bullion market are likely to have a direct impact on domestic gold prices in Pakistan.